Mortgage Lenders in NYC...?

If you can not get a referal from someone the best place to find a broker is in your local telephone book.

You might tell them what you are looking for and find out if they can be of service to you. All will say yes, but you have to go with the one that you have a gut feeling for.

You have to know what you are qualified to purchase.

So the first thing you should do is contact a mortgage broker so you can complete a loan application, after which he will run your credit report.

This credit report will give him your credit score. Get a cup of coffee or your favorite beverage when filling out the loan application this is not a 15 minute chore.

Your credit score will tell him what loan programs you are qualified for as well as the interest rate you can expect. This credit score will tell if you are able to get a 100% loan and if not how much cash you have to bring to the table as your down payment.

There are lots of documents and information the mortgage broker will need. I will give you a few to get you started.

#1 Six months of all bank statements you use currently, as well as any statements from your 401k at your place of employment

#2 One months of pay stubs from all that are going on the mortgage.

#3 Two years of federal income taxes and W-2s

After discussing the best loan program for you and agreeing on the program you want, the mortgage broker will issue you a pre-approval letter.

Now once this has been established you should connect up with a real estate agent to find you a home. Upon finding a home you like the real estate agent will then prepare a sales contract for you and the seller to sign.

The mortgage broker will order an appraisal of the house to prove the value.

Once all the documents necessary has been collected the mortgage broker will order loan docs for the program that you agreed to earlier. Again don't plan on spending a lunch hour there to sign loan docs this is a process so be prepared to be there for awhile.

Don't sign the loan docs if anything change from what the mortgage broker explained to you. Call and get an explanation.

I hope this has been of some use to you, good luck.

"FIGHT ON"

I know Julie at http://primelendingonline.com/ is currently working on about twenty New York investment properties right now, I think about five of them closed this week. However, she's physically located in Dallas, TX. Call her, you won't be disappointed.

The $2,200 can be counted if it's documentable and you've been receiving it at least one year. Since you're self-employed, you'll have to show tax returns for the last two years and they'll average the income.

Good luck!

well you can look online and find a lending institution and walk in. Or I can assist you with it. you can look up my company online at cfic home mortgage .com and tell me what you think. I'll be in nyc in two weeks also we can meet in person. and the money you get monthly can be used as income also