Call us : (702) 278-2104
Document Signings
LOAN DOCUMENT SIGNINGS:
At Hatcher Notary we are able to receive Loan Documents from basically anywhere in the U.S.:- via e-mail. We may receive loan documents via e-mail, print them on the appropriate size paper, either 8 1/2 x 11,or 8 1/2 x 14
- take the documents to the appropriate client; present the documents to the client, and answer basic questions concerning the documents, but
- refer questions concerning the loan itself, to the client's loan officer
- have documents signed by clients, and notarized them as need
- fax back copies of documents when necessary
- return documents to the appropriate company
- invoice the signing company, or the lender for payment
All signings are done with highest attention to perfection as possible.
NEW LOANS NEED:
Clients calling on questions regarding new loans will be referred to the appropriate lender. Hatcher Notary is able to take basic information on a Loan Application from the client to the loan application started.A person interested in applying for a new FHA or Conventional Loan should consider getting the following personal documents ready:
- * -- Current government-issue I.D.;
- * -- Last three years tax returns;
- * -- Last three months proof of income, whether an employer or retirement;
- * -- Lenders looking for good work history, minimum two years.
- * -- Last 12 months bank statements (may or may not need all);
- * -- Information on your employers, past 10 years;
- * -- Name, address, phone number, year started, year ended, supervisor's name
- * -- Residence: Current to last 10 years;
- * -- References: Gather name, address and phone numbers of at least six references,
- * -- 3 Personal and 3 Professional
- * -- Any information on Foreclosures(dates, addresses, etc, Bankruptcy, date charged off )
- * -- Proof of down payment (if FHA it should be 3.5%, Conventional, up to 20% down)
- * -- Gift Letters, and Down Payment Assistance: If you have anyone who will make a gift to you, please mention to them that we will be requesting a Gift Letter from them. Down payment assistance may come from an organization. A Seller may also help with closing costs.
- * -- Credit Report: A Credit Report will be conducted, prior to starting the application process. It will have a great affect on your chances to get a new loan, or to get a refinance on your home.
WHAT WILL HAPPEN TO MY CREDIT IN CASE OF A FORECLOSURE OR SHORT SALE?
FORECLOSURE:
A note on the most unpopular word of this decade, Foreclosure: Will a Foreclosure wipe out your credit life forever? No! A Foreclosure will certainly negatively affect your credit rating. But if a person works hard on their credit, after experiencing a Foreclosure, that is, keep their credit clean, buy things which you are sure you can pay for easily. Try and keep utility bills and such paid current, some mortgage companies will consider doing an FHA loan for those who have experienced a Foreclosure, as early as three years after the Foreclosure.
SHORT SALES:
For those who have experienced a Short Sales (the home sold for less than was owed to the mortgage company): The Short Sale will also affect your Credit negatively, but it is not the end of your credit as you know it. You will be able to purchase again. Do your best to buy those things you can comfortable pay for, and it will of course build your credit. A Lender may consider doing an FHA loan within three years, or so after a Short Sale, but it may be longer with other types of loans.Definitions:
Short Sales:
the home sold for less than was owed to the mortgage company;
Foreclosure:
the loan fell behind, and the bank took the home back for failure to pay loan.Please give us a call today for your signing needs, or if you are in need of a new loan call us for details.
P.S. We love referrals. Thank you. 702-278-2104