In this issue...

• Have you saved for retirement?
• Ask Joe
• Get AutoSMART
• Meet Your Financial Advisors
• Maturing Certificates
• Financial Tips

Quick Links

• » Calendar
• » Seminar Schedule
• » August's Rates
• » Vital Statistics
• » Contact Us
• » Downloadable version

Q: Why should I get pre-approved?

A: When you find your dream home, you can present the seller with your pre-approved loan document, showing them that not only are you serious about buying their house, but you’ve already been pre-approved for financing.

It could make the difference between getting the house
you want or watching some other bidder step in with
a pre-approved loan and snatch that house away. Pre-approval
is good for 120 days. Plus, if you get preapproved before August 31, get a free appraisal up to $500*.

Q: What do I need to provide to get pre-approved?

A: Here’s what you’ll need:

• Name, current address, social security number
  
• Name(s) and work number(s) of employer(s) for the
  past two years
  
• Monthly income for you and your co-borrower (most recent pay stub(s) with year-to-date income), including bonuses, commissions, and overtime income for the past two years (this information is on your tax return)
  
• If you’re self-employed, you’ll need the last two years’ tax returns for the type of business you own: Sole Proprietorship (Schedule C), Partnership (Form 1065), or Corporation (Form
  1120 or 1120s). In addition, the last two years’ personal tax returns (including K-1s).
  
• Documentation to support credit history problems (if applicable), which can be a written explanation of late payments, bankruptcy (petition and discharge papers), defaults, judgments, and/or liens
  
• As part of closing, we’ll have to verify all funds that you receive; so it’s a good idea to get together any documents
  that will verify proof of receipt or deposit for funds, like gifts
  and trust accounts

Q: How do I determine what loan is right for me?

A: Whether you’re a first time home buyer, refinancing,
or are in need of low-income assistance our loan
experts will help you identify the right loan for you.

Click below to Ask Joe

*Value of appraisal up to $500. Credit given at funding. Offer applies to all new first mortgages, which includes refinances of non-Patelco first mortgages or purchase loans. Offer does not apply to refinances of existing Patelco home or home equity loans.