Mortgage Planning Guidemymortgageguydan.com/wp-content/uploads/2010/09/Dan... · 2017. 9. 12. ·...
Transcript of Mortgage Planning Guidemymortgageguydan.com/wp-content/uploads/2010/09/Dan... · 2017. 9. 12. ·...
Mortgage Planning Guide
We Are Mortgage Planners
We’ve developed a special process that
simplifies getting approved for a home loan.
Our unique Mortgage Planning Philosophy educates our clients
on the ins-and-outs of the mortgage process, as well as
explaining the total costs of ALL your options.
Our vision is to guide you through the home buying
process from start to finish so that you can make a
SMART home purchase!
“We work with FAMILIES, not files.” - Dan Keller
Dan Keller Mortgage Advisor - MLO #115349
Direct: 425-350-7136 Office: 425-947-8533
12220 113th Ave NE Suite 120
Kirkland, WA 98034
As Seen On
2009—2014
Host of Sea�le Real Estate Radio
MORTGAGE TIMELINE SUNDAY WEDNESDAY MONDAY
APPLY FOR LOAN
Meet with your Dan
Keller to complete
your loan applica-
#on. Provide the
items listed on the
“What Items Are
Needed” handout.
TUESDAY FRIDAY THURSDAY SATURDAY
YOU’RE APPROVED
Congratula#ons!
Your loan is pre-
approved. The pre-
approval le�er will
be sent to you and
your agent.
YOU FOUND IT
Find the perfect
home and make an
offer.
OFFER ACCEPTED
Your agent will
forward the
Earnest Money
Agreement (sales
contract) to your
lender for review.
HOME INSPECTION
It’s #me to order
the home
inspec#on. Your
agent may have a
good referral if you
need one.
LOCK THAT LOAN
If you have not
discussed locking in
a rate with Dan
Keller, now is a
good #me to do so.
GREAT NEWS
The home
inspec#on is
complete.
Nego#ate any
necessary repairs
with the seller.
APPRAISAL
It’s #me for your
lender (Dan’s
Team) to order the
appraisal.
APPRAISER VISIT
The appraiser will
provide a property
value based on
comparable home
sales in the
neighborhood.
HOME INSURANCE
Contact a home-
owner’s insurance
agent and secure a
quote for the
premium.
APPRAISAL DONE
The appraisal will
be sent to Dan’s
Team for review.
MISSING ITEMS
Underwri#ng will
request any
missing items that
may be needed for
final loan approval.
FINAL REVIEW
The appraisal and
all updated income
and asset
documents will be
reviewed by the
underwriter.
FINAL APPROVAL
You receive final
loan approval!
Your lender will
now order loan
documents and
send them to the
#tle company.
TITLE COMPANY
The #tle company
will work up your
final “cash to
close” numbers
and schedule a
#me for you to
sign your loan
CASHIER’S CHECK
You will bring any
addi#onal required
funds to the sign-
ing in the form of a
cashier’s check.
You will sign loan
documents at the
#tle company.
CONGRATULATIONS
Your loan funds and
the mortgage is
recorded. You are
now a homeowner!
(425) 350-7136 Dan Keller mlo# 115349 [email protected]
Your First Mortgage Payment
Once your loan funds, you will have between 30-60 days before your first payment is due. For example, a loan that funds September 18th will have a first payment due date of November 1st.
THE DAN KELLER Mortgage Planning Playbook
Hello! My name is Dan Keller. I am a residential mortgage
advisor, speaker, and writer (ok fine, blogger).
I’ve been originating mortgages since 2008, and have built my
mortgage practice upon Ken Blanchard’s book, “Raving Fans”.
The idea behind the book, “Ravings Fans” is to find out exactly
what your clients are looking for, and deliver above their
expectations. That is my goal—Every client gets our BEST!
What I’ve found over the years is that buying a home is the larg-
est financial transaction one will ever make, and therefore it’s
important that you integrate your mortgage decision into your
short-term and long-term financial goals.
What you’re about to see in in this Mortgage Planning Playbook is a formula I’ve created for
providing both a Raving Fans mortgage experience and the peace of mind that comes with
making an educated financial decision!
Who Is Dan Keller?
I’m a husband to Jenny. I’m a father to Ally and Hudson.
My family is everything to me. When I am not serving my clients
in the office, I am spending time on the Puget Sound fishing with
my son or vacationing to Lake Chelan with my family.
One of my favorite hobbies is supporting my wife’s business,
Jenny Cookies, or “baker to the stars”> www.Jennycookies.com
As a former college professor, I enjoy speaking and teaching on
the topics of mortgage, real estate and Dave Ramsey’s Financial
Peace Program.
I graduated with a Master's Degree from E. Washington Univ. in
2000, and was a collegiate all-American baseball player in 1998.
Yes, I like baseball... A lot.
(425) 350-7136 Dan Keller mlo# 115349 [email protected]
THE DAN KELLER Mortgage Planning Playbook
The Dan Keller Team’s Service Commitment The Power of Teamwork
My mentor and one of the brightest men to ever walk this Earth, Jim Rohn once said, “You are
the average of the people you spend the most amount of time with.”
That is why I have spent the last couple of years growing my mortgage practice with these two
great people and the operations team at New American Funding!
Who Is Brie Sidener? She’s our Production
Manager and she is a 13-year veteran loan processor/loan officer
assistant to top producing loan officers. Since 2012, she has been
recognized as one of the top loan processors in the Puget Sound!
Brie will be your main point of contact after I have structured your
mortgage. She helps with securing your mortgage pre-approval and
navigates you into processing & underwriting.
Who Is Jason Hoskins? Jason is my
Production Partner and a veteran customer service
manager in the mortgage and auto sale industries.
Jason’s primary role is to assist you in gathering your initial loan
docs and prepare them for me to evaluate. He will also schedule
your mortgage planning meeting with me, while keeping both you
and your realtor proactively updated throughout the loan pre-
approval/home shopping stage.
Jason is a husband and father of two; and one of the most
customer-service focused individuals you’ll ever meet!
Brie’s primary role is to assist in pre-underwriting and processing your
loan pre-approval. Additionally, she will proactively keep you and your
Realtor updated throughout the loan process. Brie is famous for her detailed “Friday Status Up-
dates” that she sends to ALL parties! Brie completely understands the Raving Fans approach
to customer service, in fact, that is what makes her a champion!
(425) 350-7136 Dan Keller mlo# 115349 [email protected]
THE DAN KELLER Mortgage Planning Playbook
Items Necessary to Process Your Loan
We are genuinely interested in helping you obtain the financing necessary to acquire the home you
have selected or to refinance your current home without delay.
In order to expedite the processing of your loan, we request that you scan or fax the following items
to us for review within 24-hours of completing the secure online application.
� Pay stubs covering the most recent one month period (must be payroll or computer
generated and show the YTD earnings and deductions)
� W2s for the most recent two years
� 1040s (Personal Federal Tax Returns) for the most recent two years. All pages
(schedules) please.
� Photo copy of a valid U.S. picture ID (or bring the ID with you to your appointment for
photocopying)
� Bank statements for the most recent two months for all checking and savings accounts.
All pages please, must reference acct # and name.
� Asset account statements (IRA, 401K, investment accounts, etc.) for the most recent
two months
� Copy of your current lease agreement (if renting) or copy of mortgage statement (if you
have mortgages. Please provide a list of ALL properties owned.
If applicable:
� Bankruptcy papers (including all pages and discharge paperwork)
� Divorce decree or child support court order
If self-employed:
� Business Tax Returns for the most recent two years
� CPA letter documenting minimum two years of self-employment with positive continued
outlook for business.
� Business licenses for most recent two years
(425) 350-7136 Dan Keller mlo# 115349 [email protected]
THE DAN KELLER Mortgage Planning Playbook
These DOs and DON’Ts will help avoid any delays with your loan approval.
Tips For a Smooth Loan Approval
MOST IMPORTANTLY: DO NOT GIVE YOUR SSN OUT FOR THE NEXT 30 DAYS!
DO continue making your mortgage or rent payments on time
DO stay current on all existing accounts (even if you’re paying them off)
DO continue to work for the same employer
DO continue to use the same insurance company
DO continue living at your current residence
DO continue to use your credit cards as normal
DO call us if you have ANY questions
DON’T make a major purchase (car, boat, furniture, jewelry, etc.)
DON’T apply for new credit (even if you’re pre-approved)
DON’T open a new credit card
DON’T transfer any balances from one account to another
DON’T pay off any collections or accounts without first consulting us
DON’T close any credit card accounts
DON’T change bank accounts or banks
DON’T max out or overcharge your credit cards
DON’T consolidate your debt onto fewer credit accounts
DON’T take out a new loan
DON’T start any home improvement projects
DON’T finance any elective medical procedure
DON’T open a new cell phone account
DON’T join a fitness club
If you encounter a special situation, it is best to mention it to us right away so we can help you determine the best way to handle it in order to achieve your financial goals.
(425) 350-7136 Dan Keller mlo# 115349 [email protected]
THE DAN KELLER Mortgage Planning Playbook
Mortgage Planning Report - Total Cost Analysis
(425) 350-7136 Dan Keller mlo# 115349 [email protected]
I see my job as an educator, a financial planner in nature. My vision is to help you integrate your
mortgage into your short-term and long-term financial goals. I want every single one of my clients to
get the BEST that I have to offer, that is why I present loan options much like a financial planner
would present investment options to you. Education - Communication - Execution!
Name(s):
Phone: 425-425-4250 Date
Email Address: [email protected]
Property Address:
Loan Program: Est Closing Date: TBD
Loan Purpose Purchase Origination Fee $0.00
Occupancy Primary Discount Points $0.00
Loan Type Conventional Appraisal Fee $525.00
Amortization Type Fixed Rate Credit Report $36.00
Lien Position 1st Tax Service Fee $77.00
Purchase Price $400,000.00 Settlement/Closing Fee $550.00
Interest Rate 4.125% Title Insurance (Lender's) $700.00
Number of Payments 360 Recording Fee $185.00
Amortization Term 360 Processing Fee $0.00
Loan To Value Ratio 95.00% Underwritng Fee $1,417.00
Combined Loan To Value Ratio 95.00% Flood Cert $7.50
Lender Courier Fee $0.00
Wire Transfer Fee $0.00
1st Lien P&I Payment $1,841.67 ReX loan fee $0.00
Other Financing Payment $0.00
Hazard Insurance $50.00 ---Estimated Closing Costs Total---
Property Taxes $333.33
Mortgage Insurance $171.00
HOA Dues $0.00 Est. Interest 1 days @ $42.95 / day
FHA/VA/USDA Funding Fee
---Estimated Monthly Payment--- $2,396.00
Hazard Insurance Annual Premium
Hazard Insurance Escrow (3 mos)
Estimated Base Loan Amount $380,000.00 Property Taxes Escrow (3 mos)
Upfront PMI Fee 0.00% $0.00
--- Estimated Total Loan Amount--- $380,000.00 ---Estimated Prepaids and Escrows Total---
Estimated Down Payment $20,000.00 * Closing Date: TBD
Prepaids (see "block 4") $1,792.94 * Title opened with:_____ Escrow is opened with: ______
Closing Costs (see "block 2") $3,497.50 * Pricing - 4.125% w/ cost of 0.00% discount points (01/12/16)
Estimated Total Cash Investment $25,290.44 * Septic or well? No
- Estimated Lender Credit $0.00 * Rate/PMI based on 740 credit score or higher
- Estimated Seller Credit $0.00 * PMI quote from Essent at .54% monthly
- Estimated Earnest Money $0.00 * Your interest rate is NOT currently locked.
* Real Estate Agent: _________
$25,290.44 * Condo or townhome? No
Loan Analysis Worksheet [Example report for MC Packet]
New American Funding
Dan Keller [MLO# 115349]
425-350-7136
Block 1. Proposed Loan Terms Block 2. Estimated Closing Costs
1/12/2016
Conventional - 30yr Fxd/5% Down
Johnny and Sally Homebuyer
Property TBD - Home Search In Process
This document is not a Good Faith Estimate of Settlement Costs and is intended solely for pre-qualification purposes. This document is a part of the mortgage planning process and does not constitute an
application or confirm the terms/rate are locked. The information above reflects proposed loan terms and estimated costs which are typical for this type of loan transaction. If you decide to proceed with these
loan terms, you will be provided with detailed loan disclosures including a Good Faith Estimate and Truth In Lending Disclosure.
---Estimated Total Funds To Close---
Block 5. Estimated Loan Amount
Block 3. Estimated Monthly Payment
Block 6. Estimated Cash To Close
$0.00
Block 4. Estimated Prepaids and Escrows
Comments/File Notes:
$999.99
$1,792.94
$600.00
$150.00
(0.000%)
(0.000%)
$3,497.50
$42.95
THE DAN KELLER Mortgage Planning Playbook
Shopping Around?
1. What Are Mortgage Interest Rates Based On?
The ONLY correct answer is MBS or Mortgage Backed Securities or Mortgage Bonds, NOT the 10-yr Treasury.
While the 10-yr Treasury Note often trends in the same direction as Mortgage Bonds, it is not unusual to see them
move in completely opposite directions. DO NOT work with a lender that has their eyes on the wrong indicators!
2. What Is the Next Economic Report or Event That May Cause An Interest Rate Movement?
A professional lender will have this information at their fingertips (or know off the top of their head). As host of
Seattle Real Estate Radio on KKOL 1300am Business Radio, I address these topics weekly keeping clients in the
KNOW when it comes to their mortgage! Tune in Monday’s at 3p or visit www.SeattleRealEstateRadio.com
3. When Janet Yellen and the FED “Change Rates”, What Does That Mean and What Impact
Does It Have On Mortgage Interest Rates?
The answer may surprise you (along with many others). When the FED makes a move, they are changing a rate
called the Fed Funds Rate. This is a very short term rate that affects credit cards, credit lines, and auto loans.
Mortgage rates often times end up moving in the opposite direction due to the dynamics of the financial markets
and economy. Many people (and loan reps) do not understand the difference here. Work with a pro that does!
4. What Is Happening In the Market Today, and What Is Happening In the Near Future?
If a mortgage lender cannot explain how Mortgage Bonds and interest rates are moving at the PRESENT moment
as well as what is coming up in the near future, you are talking with someone who is reading last week’s news,
and probably not a professional with whom to entrust your home financing.
(425) 350-7136 Dan Keller mlo# 115349 [email protected]
Here’s The Inside Scoop On How To Do It Right!
First, Make sure that you are working with an experienced, professional loan officer. Large banks and credit un-
ions rely on volume and low wage earning employees to discount their rates. It is very important to understand that
the largest financial transaction of your life is far too important to place into the hands of someone not
capable of advising you properly and troubleshooting any issues that may arise along the way. Many reps
at banks are “order takers” and have no contact with an underwriter to get help if needed. But how can you tell?
Step One: Get the name and company of the loan officer and look them up on Yelp and Zillow. DO NOT engage
in business with a loan officer without checking references first. If you are considering a large bank, Google (for
example) “Wells Fargo Mortgage Approval Complaints”.
Next, here are FOUR SIMPLE QUESTIONS YOUR LENDER ABSOLUTELY MUST BE ABLE TO ANSWER
CORRECTLY. (The answers are given to you as I do not expect you to know) IF THEY DO NOT KNOW THE
ANSWERS5 RUN55 DON’T WALK, RUN TO A LENDER THAT DOES!
Be Smart; Ask Questions; Get Answers!
THE DAN KELLER Mortgage Planning Playbook
Shopping Around? (Part Two)
1. IF IT SEEMS TOO GOOD TO BE TRUE, THEN IT PROBABLY IS.
You probably didn’t need me to tell you that, did you? Mortgage rates and money ALL come from the same place.
So if something sounds really unbelievable, it’s better to ask a few more questions to find the “hook”. Is there a
pre-payment penalty? What is the term of the loan? How many points are required? What is the lock in period?
2. YOU GET WHAT YOU PAY FOR.
If you are looking for the cheapest deal out there, understand that you are placing a hugely important process into
the hands of the lowest bidder, that in the end, while saving you a couple of dollars could end up costing you thou-
sands. Worst case, expect that you don’t close at all and lose your Earnest Money deposit. All too often I see
this, clients don’t realize until it’s too late that the cheapest isn’t best. If you are looking for the cheapest “quote”,
head on out to the internet, and we wish you good luck.
Just remember - if you’ve heard of any horror stories from family members or friends about closing late, communi-
cation problems, and/or last minute changes to rates/fees<. These are often due to working with internet lenders
or large banks/credit unions who have a serious lack of guideline knowledge and experience in the local market
place. MOST IMPORTANTLY, REMEMBER THAT THE CHEAPEST RATE ON THE WRONG STRATEGY CAN
COST YOU THOUSANDS OF DOLLARS IN THE LONG-RUN. That being said, we are not the cheapest. Of
course our rates/fees are extremely competitive, but we have also invested in the systems and Team to ensure the
TOP quality experience that you DESERVE!
3. MAKE CORRECT COMPARISONS - RATES & CLOSING COSTS GO HAND-IN-HAND.
When looking at estimates, don’t simply look at the bottom line. This means that you may see the interest rate that
you want, but may have to pay higher costs to get it. On the other hand, you can pay lower fees or even no fees
at all - but understand , that comes at the expense of a higher interest rate. Either of these balances may be right
for you, or somewhere in between, it all depends on what your financial goals are. A professional lender will be
able to offer the best advice and options in terms of the balance between interest rate and closing costs that cor-
rectly fits your personal financial goals. This is a conversation we have in a Mortgage Planning Meeting.
4. UNDERSTAND THAT INTEREST RATES CHANGE DAILY, EVEN HOURLY.
This means that if you are comparing lender rates/fees - this is a moving target on an hourly basis. For example, if
you have two lenders that you want to compare, you must get the quote at the EXACT time on the EXACT day
with the EXACT same terms in order to make an accurate comparison. You must also consider the length of lock,
as that impacts the interest rate. Lastly, the lender must guarantee a 30-day close or you will pay points to extend.
(425) 350-7136 Dan Keller mlo# 115349 [email protected]
Here’s The Inside Scoop On How To Do It Right!
Again, our advice to you is simple: Be Smart; Ask Questions; Get Answers!
As you can imagine, I wouldn’t be encouraging you to “shop around” if we weren’t very confident
that we feel that we can give you a great value and serve you the very BEST!
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Page 2 of 3The Perfect Loan File - Forbes
3/29/2012http://www.forbes.com/sites/moneybuilder/2012/03/09/the-perfect-loan-file-2/print/
&&
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Page 3 of 3The Perfect Loan File - Forbes
3/29/2012http://www.forbes.com/sites/moneybuilder/2012/03/09/the-perfect-loan-file-2/print/
WHAT’S IN YOUR MORTGAGE PAYMENT?
A mortgage payment consists of four components:
P
PRINCIPAL
The original amount of
money owed
I
INTEREST
The charge for the use
(loan) of money
T
$
TAXES
These are assessed by your
county; your lender typically
pays your taxes
I
INSURANCE
Your homeowners insurance;
you pay 1/12 the annual
premium each month
MORTGAGE PAYMENT BREAKDOWN
There are several factors, including how much of a down payment
you make and the program you choose that determine how much
your monthly mortgage payment will be.
EXAMPLES OF MORTGAGE LOAN OPTIONS:
1 2
3 4
Conven onal - 30-yr Fxd. Conven onal - 15-yr Fxd.
FHA – 30-yr Fxd. Conven onal - 5% Down
Home Price: $200,000
Down Payment: 20% ($40,000)
Program/Rate: 30 yr fixed @ 4.25%
Property Tax: 1%
Homeowners Insurance: $800/yr
PAYMENT BREAKDOWN:
Principal & Interest: $787.10
Property Taxes: $200
Homeowners Insurance: $67
Monthly Payment: $1,054.10
Home Price: $200,000
Down Payment: 20% ($40,000)
Program/Rate: 15 yr fixed @ 3.25%
Property Tax: 1%
Homeowners Insurance: $800/yr
PAYMENT BREAKDOWN:
Principal & Interest: $1,124.27
Property Taxes: $200
Homeowners Insurance: $67
Monthly Payment: $1,391.27
Home Price: $200,000
Down Payment: 3.5% ($7,000)
Program/Rate: 30 yr fixed @ 3.875%
Property Tax: 1%
Homeowners Insurance: $800/yr
PAYMENT BREAKDOWN:
FHA Private Mortgage Insurance: $212.74
Principal & Interest: $923.44
Property Taxes: $200
Homeowners Insurance: $67
Monthly Payment: $1,403.18
Home Price: $200,000
Down Payment: 5% ($10,000)
Program/Rate: 30 yr fixed @ 4.25%
Property Tax: 1%
Homeowners Insurance: $800/yr
PAYMENT BREAKDOWN:
Private Mortgage Insurance: $99.75
Principal & Interest: $934.69
Property Taxes: $200
Homeowners Insurance: $67
Monthly Payment: $1,301.44
Presented By:
Dan Keller MLO# 115349
Mortgage Advisor
- AND -
Private Mortgage Insurance.
This is required if you put down
less than 20% down payment.
$200,000
HOW CAN YOU FIND MONEY FOR THIS EXTRA PAYMENT?
I have designed a Debt-Analysis Worksheet with my financial planner to assist you in freeing up an addiDonal
mortgage payment per year. Contact your financial planner or let me know if I can help direct you!
THE SIZE OF YOUR DOWN PAYMENT
The amount of your down payment may impact how many loan program opDons are
available to you. In addiDon, depending on the amount of your down payment, you
may be required to have private mortgage insurance.
ADDITIONAL MORTGAGE PAYMENTS MATTER
Making one addiDonal mortgage payment per year can save you thousands of dollars and help you pay off your loan in less Dme.
12 Monthly Payments/Year 13 Payments/Year REPAYMENT EXAMPLE
Twelve payments each year will put
your total loan cost at $455,088.98
One addiDonal payment each year will save you
$55,990.06 and reduce your term by 6 years FACTORS
Original Payment
Total Loan Payment
Interest Rate
Term
Monthly Payment
Total Interest
$200,000 $200,000
30-year fixed 30-year fixed
4.25% 4.25%
$938.88 $938.88
$199,010 $255,000
$354,197 $286,597
Residen al Mortgage Advisor - MLO 115349
Direct 425-350-7136
Office 425-947-8533
www.thedankellergroup.com
12220 113th Ave NE Suite 120 Kirkland, WA
THE DAN KELLER Mortgage Planning Playbook
Read What Clients Are Saying About Dan Keller
See More Reviews Like This On Yelp - (Google “Dan Keller Mortgage Yelp Reviews”)
[Jonathan W.] “My wife and I are first �me home buyers who were slightly anxious about the unknowns in the process
of ge�ng a loan. A friend referred us to Dan Keller and his group, saying they had rates comparable to big banks but
were much more personable. Our first thought was that paying a bit more would be worth the answered ques�ons, so
we gave it a try. First of all, we were pleasantly surprised to see that they did not cost any more than big banks, but
actually saved us money by really trying to lock down our interest rate at the best �me during the month while the
house details were going through. On top of that, they were great about giving quick and detailed responses to any
ques�ons or concerns along the way. The several �mes that we met with Dan, he was clearly very knowledgeable and
made us feel like we were in good hands. Next �me we need a loan, I don't think we will hesitate to use Dan Keller's
group again. We recommend that you give them a try, especially if the whole loan process seems a bit over your
head.”
[Jillayne S.] “I'm an educator and a 30+ year veteran of the mortgage lending industry. I've known Dan for several
years now. This year, Dan was put in a posi�on of having to make an ethical choice. He chose to be honest. His choice
had an effect on me professionally, and I don't think he realized it at the �me. Dan works hard, takes care of his cus-
tomers, and understands that it takes a long �me of making solid, ethically jus�fiable choices, year a3er year, to build
a reputa�on in this industry. I know thousands of mortgage loan originators, and Dan Keller comes with my highest
recommenda�on.”
[Ed Finlan, Realtor] “Can't say enough about Dan and his team. I am a real estate broker in Northwest Washington
and encourage all of the buyers we are working with to contact Dan and use him if they are financing their home. I
could go on and on about how he has saved the day on different deals or pulled a rabbit of his hat at the last minute
when a different lender couldn't make it happen but in the end, the best way to see how good he is, is to contact him
and use him when you get a loan or refinance. Dan and I teach home buyer classes and help people become home
owners with the right home, the right loan and in the end the right deal. An honest to goodness "Nice guy” who is
good at what he does.”
[Sharath U.] Dan was referred to us by our real estate agent (Chris�an Nossum) and we are very glad we went with his
team. The quick closing promised by Dan's team was surely one of the reasons we won a very compe��ve, mul�-offer
scenario. Once our offer was accepted, the loan process was handled in a very professional & smooth manner. One
thing I was very amazed by was the use of latest technologies at their disposal to make the process super quick.
(425) 350-7136 Dan Keller mlo# 115349 [email protected]
W W W .T h e D a n K e l l e r G r o u p . C O M
HOME MORTGAGE CONCIERGE PROGRAM
For questions contact: Dan Keller cell: (425) 350-7136 / fax: (206) 339-6343 / [email protected]
Mortgage Planning Questionnaire 1
Purpose of Loan: PPuurrcchhaassee RReeffiinnaannccee ((ccaasshh oouutt)) RReeffiinnaannccee ((nnoo ccaasshh oouutt))
BBoorrrroowweerr CCoo--BBoorrrroowweerr FFuullll NNaammee ____________________________________________________________________________________________________ SSoocc.. SSeeccuurriittyy ##:: ____________________________________________ DDaattee ooff BBiirrtthh __________________________ PPhhoonnee ((cceellll)) ________________________________________________ ((ww))____________________________________________
mmaarrrriieedd uunnmmaarrrriieedd ddiivvoorrcceedd YYeeaarrss ooff sscchhooooll __________________________ ## ooff ddeeppeennddeennttss __________________________ AAggeess ______________________________________________________ PPrreesseenntt aaddddrreessss ____________________________________________________________________________________________ ________________________________________________________________________________________________________________________
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CChheecckkiinngg//SSaavviinnggss//OOtthheerr IInnvveessttmmeenntt AAccccoouunnttss BBaannkk NNaammee __________________________________________________ BBaallaannccee __________________________________ BBaannkk NNaammee __________________________________________________ BBaallaannccee __________________________________ BBaannkk NNaammee __________________________________________________ BBaallaannccee __________________________________ AApppprrooxx.. VVaalluuee ooff RReettiirreemmeenntt AAccccoouunnttss ((440011KK,, eettcc)) ______________________________________ AAuuttoommoobbiilleess oowwnneedd ((yyeeaarr,, mmaakkee,, mmooddeell)) ______________________________________________________ ________________________________________________________________________________________________________________________ PPlleeaassee lliisstt aannyy ootthheerr aasssseettss oowwnneedd,, rreeaall eessttaattee oowwnneedd,, oorr aaddddiittiioonnaall mmoonneeyy eeaarrnneedd ((ssttoocckkss,, bboonnddss,, rreeaall eessttaattee,, bbooaattss,, ttiimmee sshhaarreess,, cchhiilldd ssuuppppoorrtt,, eettcc)).. ________________________________________________________________________________________________________________________ ________________________________________________________________________________________________________________________ ________________________________________________________________________________________________________________________ EE--mmaaiill aaddddrreessss ______________________________________________________________________________________________
FFuullll NNaammee ____________________________________________________________________________________________________ SSoocc.. SSeeccuurriittyy ##:: ____________________________________________ DDaattee ooff BBiirrtthh __________________________ PPhhoonnee ((cceellll)) ________________________________________________ ((ww))____________________________________________
mmaarrrriieedd uunnmmaarrrriieedd ddiivvoorrcceedd YYeeaarrss ooff sscchhooooll __________________________ ## ooff ddeeppeennddeennttss __________________________ AAggeess ______________________________________________________ PPrreesseenntt aaddddrreessss __________________________________________________________________________________________ ______________________________________________________________________________________________________________________
oowwnn rreenntt YYeeaarrss aatt tthhiiss aaddddrreessss __________ RReenntt//MMoorrttgg.. PPmmnntt__________________ PPrreevviioouuss AAddddrreessss ((iiff lleessss tthhaann 22 yyrrss.. AAbboovvee)) ________________________________________________ ______________________________________________________________________________________________________________________ EEmmppllooyyeerr ______________________________________________________________________________________________________ AAddddrreessss ______________________________________________________________________________________________________ ______________________________________________________________________________________________________________________ PPoossiittiioonn ______________________________________________________ WWoorrkk PPhhoonnee____________________________ YYeeaarrss oonn tthhiiss jjoobb ________________________________ YYeeaarrss iinn tthhiiss lliinnee ooff wwoorrkk ________________ GGrroossss MMoonntthhllyy IInnccoommee ______________________________ AAnnnnuuaall BBoonnuusseess ______________________ CCuurrrreenntt HHoouussiinngg EExxppeennsseess:: RReenntt __________________________ MMoorrttggaaggee __________________________ TTaaxxeess ____________________________ IInnssuurraannccee __________________ MMttgg.. IInnssuurraannccee ____________________ HH--OO DDuueess __________________ AAsssseettss::
CChheecckkiinngg//SSaavviinnggss//OOtthheerr IInnvveessttmmeenntt AAccccoouunnttss BBaannkk NNaammee __________________________________________________ BBaallaannccee __________________________________ BBaannkk NNaammee __________________________________________________ BBaallaannccee __________________________________ BBaannkk NNaammee __________________________________________________ BBaallaannccee __________________________________ AApppprrooxx.. VVaalluuee ooff RReettiirreemmeenntt AAccccoouunnttss ((440011KK,, eettcc)) ______________________________________ AAuuttoommoobbiilleess oowwnneedd ((yyeeaarr,, mmaakkee,, mmooddeell)) ______________________________________________________ ________________________________________________________________________________________________________________________ PPlleeaassee lliisstt aannyy ootthheerr aasssseettss oowwnneedd,, rreeaall eessttaattee oowwnneedd,, oorr aaddddiittiioonnaall mmoonneeyy eeaarrnneedd ((ssttoocckkss,, bboonnddss,, rreeaall eessttaattee,, bbooaattss,, ttiimmee sshhaarreess,, cchhiilldd ssuuppppoorrtt,, eettcc)).. ________________________________________________________________________________________________________________________ ________________________________________________________________________________________________________________________ ________________________________________________________________________________________________________________________ EE--mmaaiill aaddddrreessss ______________________________________________________________________________________________
W W W .T h e D a n K e l l e r G r o u p . C O M
HOME MORTGAGE CONCIERGE PROGRAM
For questions contact: Dan Keller cell: (425) 350-7136 / fax: (206) 339-6343 / [email protected]
Mortgage Planning Questionnaire 2
NEW LOAN INFORMATION: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.
12. 13. 14. 15. 16. 17. 18.
Names (full) that will appear on title: _________________________________________________________ How do you wish to be communicated with: phone e-mail text mail / preferred_______________ Have you served in the US Armed Forced? yes no Are you a disabled Veteran? yes no Have you owned a home in the last 3 years? yes no Have you ever owned a home? yes no Are you wanting to purchase a home as: Primary residence 2nd Home Investment Property Term of mortgage that you request (30, 25, 20, 15, 10, 5 years): _______ or undecided _______________ Type of mortgage you prefer: Fixed ARM Interest Only Princ./Interest Pay-off Undecided Would you prefer to pay taxes and insurance with your monthly mortgage payment? yes no Do you prefer to have the seller pay your closing costs? yes no If you rent, please provide the following information: Name of Landlord_____________________________ Phone _______________________ Date of Current Lease____________________________________ Please rate your credit score as poor, just ok, excellent -__________________________________________ If applicable, would you like information on credit restoration yes no Have you had any judgments, lawsuits, bankruptcies (last 10 yrs.), foreclosures (last 7 yrs.)? yes no Purchase price range $_________________ Desirable monthly mortgage payment $__________________ Down payment amount $___________________ or percent down _______________% Down payment will come from ______________________________________________________________ (ex. checking, savings, investments, sale of stock, sale of home, 401(K) loan, gift funds, bonus, etc.) If owned, is your current resident listed for sale? yes no If listed, with whom ____________________ Under contract? yes no Sale price $______________ Original purchase price $______________ Year built ____________ Bedrooms _____ Bathrooms _____ Sq. Feet __________ Who can we thank for referring you to meet with Dan Keller and his team?____________________________ Is there anything that you would like to know about me before allowing us to serve you? ________________ _______________________________________________________________________________________
W W W .T h e D a n K e l l e r G r o u p . C O M
HOME MORTGAGE CONCIERGE PROGRAM
For questions contact: Dan Keller cell: (425) 350-7136 / fax: (206) 339-6343 / [email protected]
Mortgage Planning Questionnaire 3
MORTGAGE ANALYSIS
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2. 3.
4. 5. 6. 7. 8. 9. 10. 11.
As a Mortgage and Credit Consultant, my goal is to ensure that you and your realtor receive nothing less than an exceptional lending experience working with me and my team. In the end, I am confident that I will be able to help you to secure the best rate at the lowest cost. In saying that, what is most important to you in working with a mortgage and real estate professional? ________________________________________________________________________________________
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________________________________________________________________________________________ Amount of monthly payment that you are comfortable with? $_______________________ What is the best estimate for how long you will have this loan or live in this home?
_____ 1-3 years _____ 3-5 years _____ 7-10 years _____10 years+ Do you currently have plans for a major purchase in the next 12 months including a car, college tuition, home improvements, or rental properties? yes no If yes to the above question, how much do you expect to need? $____________________________________ In how many years do you plan to retire? __________________ Are you working with an experienced realtor? yes no Name _________________________________ If no, would you like me to refer one? yes no Are you currently working with an experienced financial planner? yes no Name __________________________________ If no, would you like me to refer one? yes no Do you have insurance to protect your family and home? yes no If yes, what type of policy do you have and how much coverage do you have? _________________________
________________________________________________________________________________________ What are your hobbies? ____________________________________________________________________ Do you have children? If so, what are their names and b-days?______________________________________ What is your favorite restaurant? ______________________________________________________________
What is your favorite desert? _________________________________________________________________
To: From:
Company: Date: Total # of Pages:
Fax# Senderʼs Cell #:
Phone # Senderʼs Email:
RE: Mortgage Application Packet - Items RequestedThank you for taking the time to apply for a home loan with The Dan Keller Group! To expedite the approval of your loan approval, Iʼve provided documents and a short checklist for you to complete. This will help us get you prompt feedback and expedite the loan process! Thank you!
Completed Secure Online Mortgage Application - www.MyMortgageGuyDan.com/Apply Watch the “Perfect Mortgage Process” video series at www.MyMortgageGuyDan.com/Apply Review all pages in the enclosed “Mortgage Concierge Packet” Submit/Attach All Documents Requested On the “Items Needed Checklist”
Once you have submitted the above-mentioned items to me, we will make a best effort to return your completed mortgage pre-approval results within 24 hours.
I appreciate and value the opportunity to serve you in financing your home purchase! Please do not hesitate to contact me directly at (425) 350-7136 if you may have any questions!
Dan KellerDan Keller - MLO# 115349Mortgage AdvisorBrie Sidener/Office: 8a-4p: (425) 947-8533 / Dan Keller cell after hours (425) 350-7136
Dan Keller - [MLO# 115349] New American Funding 12220 113th Ave NE Suite 120 Kirkland, WA 98034
FAX TRANSMITTAL SHEET
Dan Keller Team
New American Funding
(425) 968-6382
(425) 947-8533