John Marbury.com

Blog

What is a Loan Estimate?

What is a Loan Estimate? A Loan Estimate tells you important details about a mortgage loan you have requested. Review your Loan Estimate to make sure it reflects all of the terms  you discussed with us, and all of the names are spelled correctly.   Let us

Jun 20, 2021 |

What is a Closing Disclosure?

What is a closing Disclosure?Before closing  you will receive the “Initial Closing Disclosure” which is typically your last official estimate prior to closing.  The “Closing Disclosure” is a time sensitive document that needs to be signed at least three b

Jun 18, 2021 |

Disclosures

DisclosuresAfter application you will receive an email from disclosures@1stfed.com your disclosures which includes your Loan Estimate.  A Loan Estimate tells you important details about a mortgage loan you have requested. Use this tool to review your Loan

Jun 18, 2021 |

What documents are typically needed for Approval?

Typical information needed to submit your loan to underwriting:Driver’s LicenseMost recent year to date pay stubs showing at least 30 days of income2020 W-2Bank statements (all pages)  showing you have enough funds  to close   For self employed (25% owner

Jun 18, 2021 |

June 2020

June 2020

Friday - June 5   8:33 AM - May Non-Farm Payrolls unexpectedly rise by 2.51 million vs the -8.5 million expected!!! Stock futures add to already big gains. Bonds prices plunging. 10-yr yield rises to .92%. Thursday - June 4 Market Wrap -Mortg

Jun 03, 2020 |

May 2020

May 2020

Instructions on how to read this blog: Below is the news for the month when it happened and the market’s reaction.  For a full view of the month start at the bottom and work your way up. If want to know what just happened start at the

May 05, 2020 |