Continental American Mortgage

   
 

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Have a question or concern not addressed here?  

 

Please, call or email!

 

Dallas Area  214.361.1191

Toll Free  1.877.361.1191

 

FREQUENTLY ASKED QUESTIONS

What information do I need to gather for the loan application process?

  • Two-year residence history

  • Two-year employment history

  • Social security number for each borrower

  • Pay stubs for the last 30 days for each borrower

  • W2 forms for each borrower for the past two years

  • Verification of funds sufficient to cover closing costs and reserves

  • Other real estate owned and leases, if any

  • Divorce decree or bankruptcy list of creditors and discharge, if any

  • Tax returns for last two years if self-employed or highly commissioned

 

My credit is damaged. Can I qualify for a home loan?

Minor credit problems are usually acceptable along with a written explanation and documentation regarding the issue. An individual with credit problems can obtain a home loan. Our loan officers have extensive knowledge of credit issues and will even work with our clients to improve their credit scores prior to loan approval.

 

How long does it take to obtain approval on my application?

If you submit a complete application, we can usually obtain loan approval within 24 hours. It may take longer to research all options to secure the best loan, but you will know whether you are approved, the interest rate, and the dollar amount very quickly.

 

What do you charge for pre-approval?

Pre-approvals are always provided at no charge to our clients. We do not get paid unless your loan closes, so we work hard to get you the best mortgage for your individual needs. Prior to the complete loan approval process, we do require that our clients remit a $65 fee to cover the cost of a three-bureau merged credit report. This particular credit report is required by all lenders as part of the complete mortgage application.

 

 

 
 

 

 

Your time is precious, 

so we work hard 

to make sure your approval and closing 

go smoothly!

 

 

 

 

Why stress?  

 

Call the best! 

 

214.361.1191

  
   

13999 Goldmark Drive, Suite 307A  Dallas, TX 75243
Copyright © 2008 Continental American Mortgage Corp.