John Marbury.com

Blog

How do I begin to build credit, even if I have no credit card or income?

How do I begin to build credit, even if I have no credit card or income? It is very difficult to be approved for a credit card, let alone one with favorable rates and benefits, without any previous use of credit. There are solutions, though, for students

Jun 23, 2021 |

Do you think you should refinance?

Do you think you should refinance?  But you are not sure if it will be worth the money, time or effort.  We can help you understand all of the reasons to refinance and reasons not to refinance without investing too much time.Send an email and attach a rec

Jun 22, 2021 |

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 |