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111-07 101 Ave, Richmond Hill, NY 11419

Applications & Processing

Mortgage Brokers and Lenders – Who Does What?

The mortgage broker is the person or company who is your main contact throughout your loan. They are often able to work with a number of lenders, who actually provide the funds for the loan. Typically, the lender pays the mortgage broker a fee for acting as the intermediary and providing all the customer service.

Filling Out the Application

There are standard forms to be completed when applying for a loan. Some mortgage brokers keep these on their website so you can fill out and submit the forms on line. The information will be verified and used to qualify you for your loan, so take the time to answer questions accurately.

Documentation

The mortgage broker will need copies of the documents you began gathering in the first phase of the loan process, including:

  • Either 2 years of W-2 forms from your employer or 2 years of tax returns if you are self-employed
  • Recent pay stubs
  • 3 months bank and money market statements
  • Brokerage, mutual fund and retirement account statements
  • Proof of other income sources (alimony, trusts, rental income, etc.)
  • Credit card statements
  • Auto /boat / student / miscellaneous loans
  • Drivers’ license or form of ID
  • If you’re not a US citizen, then copy of your green card or visa
  • Copy of any existing mortgage debts if you are applying for a home equity line of credit or another mortgage

Stay in Communication

The lender will have an analyst, usually called an "underwriter", crunch your numbers and verify your documentation to confirm your ability to repay the loan. Once you are in contract on a property, there may

also be a loan approval committee which will meet to review the underwriters’ conclusions regarding your creditworthiness, and to evaluate the property on which they are lending. This is called the underwriting process, and questions

are bound to arise. Be sure to return your mortgage broker’s calls promptly to keep the process moving forward smoothly. Check in with your broker periodically.

Client

Reviews

Nothing less than perfect experience with him .Completely exceptional .i just bought house in valley stream for over 1million which we fell in love with.Agent Kumar made sure everything goes smooth and very happy with his service . Will def recommend all my friend and family.

Anonymous

I just bought the house 2 days ago in Ozone Park. I would highly recommend Avinish kumar for buying or selling homes. He has been very helpful every step of the way. A very sincere and honest realtor. Again I am completely satisfied and I highly recommend everyone.

Anonymous

One of the best agent in NYC. He did an amazing job. We went to him 2-3 months ago just to discuss about the paper requirements to buy a house, and today here we are sitting in our new house. Always there to help you even on weekends. Has great knowledge, high professionalism. Have already recommended him to 2 of my friends.

Anonymous

we were a first time home buyer. Avnish helps us a lot with the process.we highly recommend him for your new house. he is always there to help you. he has a lot of experience in this area.

Anonymous

Excellent service and very knowledge able about the market. Helped me get my home and I got a great deal!! I felt very comfortable working with him and he made sure I’m getting a good deal.

Anonymous

Consummate professional and a person of high integrity in a business where this is not the norm. Works hard and is always available and very generous with his time, which is needed during the difficult and always stressful selling process. We recommend him enthusiastically and without reservation!

Anonymous

He is a professional has alot of knowledge and helps you all the way clear things for first time home buyers treats his clients like his family it's always good to do business with a person with a lot of knowledge I will always do business with him. Helped me with buying my house for a very good price

Anonymous

Raj is an expert in real estate. He helped me sell three houses in Queens with utmost professionalism and care. He made sure all the transactions went smoothly. I would highly recommend him for your real estate needs.

baljinder kaur

Raj was very helpful in finding property. His expertise helped us to find right property in good neighborhood. He also helped us for mortgage options.

Anonymous

I purchased three property through Avnish Kumar(Raj) and sold two property with Excellent experience. He advised me every step and save my lots of money.he has so knowledge and lots of experience in Real Estate.

Anonymous
Vision Real Estate NY