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MORTGAGE PLANNING QUESTIONNAIRE

These are the questions that are not on a Loan Application that enable us to add more value, speed up the process, and find the best loan for you based on rate and structure.

Thank you so much for filling this out completely. We appreciate it!!

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Question 1 of 48

Full Name? (If there is more than 1 borrower please list ALL others). 

 

Write all names as you would like them to appear on the deed.

Question 2 of 48

Today's Date?

Question 3 of 48

Date of Birth?

Question 4 of 48

Do you currently rent or own a home?

A

Own

B

Rent

C

Other

Question 5 of 48

If you own, what is your mortgage payment? (If there is more than 1 borrower please list information for ALL others)

Question 6 of 48

What is your mailing address?

Question 7 of 48

If you rent, what is your monthly rent payment? (If there is more than 1 borrower please list information for ALL others)

Question 8 of 48

What property type are you looking to finance?

A

SINGLE FAMILY

B

CONDOMINIUM

C

2-FAMILY

D

3-FAMILY

E

4-FAMILY

F

OTHER

Question 9 of 48

WHAT TOWN/CITY ARE YOU LOOKING IN? (Please list all that apply)

Question 10 of 48

What is the MAXIMUM monthly payment that you feel comfortable with? 

 (If there is more than 1 borrower please list information for the total payment combined)

Question 11 of 48

How are you employed?

(If there is more than 1 borrower please list information for ALL others)

A

Self Employed

B

W-2: Salaried

C

Receive Bonus or Commission income?

D

Part Time Income

E

OTHER

Question 12 of 48

What is your exact annual income?

(If there is more than 1 borrower please list information for ALL others)

Question 13 of 48

What is you monthly debt? (If there is more than 1 borrower please list information for ALL others)

 

Installment Debt: (EXAMPLE: Mortgage Payments, Car Payments, Student loans)

 

Revolving Debt: (EXAMPLE: Minimum payments on credit cards)

Question 14 of 48

How would you rate your credit?

(If there is more than 1 borrower please select information for ALL others)

A

EXCELLENT/PERFECT (Never been late/Long History)

B

GOOD (Rare late payments/More than a 2 year history)

C

FAIR (A few late payments)

D

POOR (I'm concerned about my credit score)

E

LIMITED (1 tradeline or less with less than a 1 year history) OR NO CREDIT

Question 15 of 48

What is your best estimate of how long you might keep this new loan?

A

1 yr

B

2 yrs

C

3 yrs

D

4 yrs

E

5 yrs

F

Longer

Question 16 of 48

How much are you looking to put as a downpayment?

Question 17 of 48

Are you familiar with how the tax advantages of a mortgage work?

A

YES

B

NO

C

SOMEWHAT

D

NOT AT ALL

Question 18 of 48

Do you feel that you have enough readily available money necessary to get through a 3 to 6 month financial setback or emergency?

A

YES

B

NO

C

UNSURE

Question 19 of 48

Have you started planning a college fund for your children or grandchildren?

A

YES

B

NO

Question 20 of 48

Do you contribute to a 401k plan through your employer?

A

YES

B

NO

Question 21 of 48

Do you maximize your contributions?

A

YES

B

NO

Question 22 of 48

Do you feel you are saving enough to retire comfortably and to fund other investments? (Children's college education, real estate goals, etc?

A

YES

B

NO

C

UNSURE

Question 23 of 48

Do you have any goals of building a Real Estate Portfolio?

(Investment Property)

A

Yes

B

No

C

Possibly. Let's discuss.

Question 24 of 48

Do you currently have a realtor?

A

YES

B

NO

Question 25 of 48

If no, would you like me to refer you to an experienced realtor who proudly serves the marketplace where you are looking for a home?

A

YES

B

NO

Question 26 of 48

Name and email address of your Realtor?

Question 27 of 48

Please provide the name, email address, and phone number of your Accountant.

Question 28 of 48

Please provide the name, email address, and phone number of your Financial Advisor.

Question 29 of 48

Please provide the name, email address, and phone number of your Family Will Attorney?

Question 30 of 48

Please provide the name, email address, and phone number of your Property & Casualty Insurance Agent.

Question 31 of 48

Do you have life insurance protection?

A

YES

B

NO

Question 32 of 48

Do you know if it will be enough to cover all obligations and replace your income?

A

Yes

B

No

C

I'm not sure

Question 33 of 48

Do you have an umbrella policy in place?

(Examples: lawsuit, serious auto accident, or someone injured on your property.)

A

YES

B

NO

Question 34 of 48

Have you created a will to protect your family's assets and care for your loved ones?

A

YES

B

NO

Question 35 of 48

What are your 2 - 10 years financial goals?

(Please be as detailed as possible. We want to make sure this loan is integrated into your overall financial plan. It's helps us manage your mortgage long after your closing)

Question 36 of 48

What's most important to you about this transaction?

A

Price/Rate

B

Expertise/Service

Question 37 of 48

How would you describe your understanding of what determines mortgage interest rates?

 

A

I don't understand how mortgage interest rates are determined.

B

I know mortgage rates are influenced by the mortgage-backed securities market, but that's about the extent of my understanding.

C

I understand that mortgage rates are influenced by market conditions, mortgage-backed securities, economic data, and other factors that can cause rates to change at any time, but I wouldn't consider myself an expert.

D

I have a thorough understanding of how mortgage-backed securities, bond market movement, economic reports, inflation, Federal Reserve policy, and rate locks all work together to influence mortgage interest rates.

Question 38 of 48

How important is ongoing mortgage support after closing (Mortgage Updates, Rate Watch for refinancing opportunities, and long-term planning)?

A

Very important

B

Somewhat important

C

Not important

D

New Choice

Question 39 of 48

Do you have a rate locking strategy when your offer is accepted?

(If so, please provide as much detail as possible so we can help give you the best information)

Question 40 of 48

Can we have your permission to pull your credit?

After you fill this form out you will be able to schedule your Mortgage Consultation, and will be taken to our protected website to upload docs etc. Some of the info may be redundant, but helps us do the best job for you. Please do your best.

A

YES

B

NO

Question 41 of 48

ONLY IF YOU ARE CONSIDERING REFINANCING YOUR HOME

If there are closing costs, would you like to incorporate them into the loan amount or would you prefer to pay them out of pocket?

A

In the loan

B

Out of pocket

C

Paid by the lender

D

N/A

Question 42 of 48

ONLY IF YOU ARE CONSIDERING REFINANCING YOUR HOME (If this is a home purchase. Please put N/A in the answer box)

 

Have you made improvements to your home that would affect the value?

Question 43 of 48

ONLY IF YOU ARE CONSIDERING REFINANCING YOUR HOME

 

Do you plan to payoff a home improvement loan or 2nd lien with this loan?

A

Yes

B

No

C

N/A

Question 44 of 48

ONLY IF YOU ARE CONSIDERING REFINANCING YOUR HOME (If this is a home purchase. Please put N/A in the answer box)

What was the last date you financed/refinanced this property?

Question 45 of 48

ONLY IF YOU ARE CONSIDERING REFINANCING YOUR HOME (If this is a home purchase. Please put N/A in the answer box)

 

Please explain, in detail, what you're trying to accomplish with this refinance?

Question 46 of 48

Who should my team and i consider as the primary contact throughout the loan process?

Question 47 of 48

Please let us know any questions/concerns that you have?

(If you don't have any, just put N/A in the box)

Question 48 of 48

Do you have any special requests that we should know about?

Confirm and Submit