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All agents are NOT alike! Find out why I am a top real estate expert. Please call me 215-504-7573
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Get Free Presentation On My Home Marketing.
Before signing a contract with any REALTOR®, make sure you know EXACTLY how your home will be marketed.
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We consider her a friend, not a real estate agent
She has gone beyond the call of duty in helping us. We were treated as though we were the "biggest deal" on the table at all times.
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Debbie Spaulder is one of The Top
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 About Trident Mortgage Company Financing hassles shouldn't stand between you and your dream home. Our Trident Mortgage Company makes it easy for you to get the money you need to turn your dream into reality. Trident is the nation's second-largest REALTOR-affiliated mortgage company, securing more than $1 billion in mortgage financing annually for homebuyers in Delaware, Pennsylvania and New Jersey. We have more than 50 friendly, full-time Mortgage Consultants at convenient locations throughout the Delaware Valley. These seasoned professionals will work with you to identify your goals and explain your options, analyzing various payment, home affordability and rate scenarios. They'll use sophisticated market analysis tools to advise you on the best loan program at the best price. Bringing all home buying services under one roof, we work together for your benefit with personally tailored financing and insurance solutions delivered competitively, efficiently, and in a spirit of trust and integrity. Trident says, “we bring you home.” About Alex Reilly Alex Reilly joined Trident Mortgage Company in 1997. Bringing more than 12 years of mortgage lending experience to the company, he quickly rose to become one of Trident’s top producers, and consistently rank among the top originators in the Bucks County area. Through his combination of experience, product knowledge, fanatical attention to detail and commitment to responsiveness, Alex has personally secured millions of dollars of mortgage financing for his customers. For his accomplishment, Alex has been honored with the company’s President’s Club Award for the past eight years. Trident offers these and other comprehensive loan products and services: | • | Fast pre-approval | | • | Long-term rate locks | | • | Fixed and adjustable rate loans | | • | Swing Loans | | • | FHA and VA experts | | • | Limited and “no doc” loans | | • | Competitive refinancing terms | | • | First-time homebuyers | | • | New construction and construction-to-permanent financing | | • | Difficult to place loans |
Application Check
List
In most cases you will need
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A check for application
fee |
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Agreement of sale,
executed by all parties |
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Social security number
for each borrower |
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W-2 forms for the past
two years for each borrower |
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Most recent 30-day
paystubs for each borrower |
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Employer's names,
complete addresses, zip codes (include previous employer(s) if less than two
years with present employer. Transcript and diploma if previously in
school |
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Self-employed
applicants: past two years signed tax returns (plus partnership/corporate
return if applicable), most recent quarter/year to date profit and loss, and
balance sheet. |
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Asset verification:
bank and/or investment statements for most recent two months.
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Source of down payment
and closing costs. |
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Complete addresses for
banks, credit unions, balance owed and monthly payment |
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Loans: complete
addresses, monthly payments, balances, and account numbers |
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Leasing: if you are
renting, the names and addresses of landlords covering the past two
years |
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Gift letter or account
numbers for all accounts and an explanation of newly acquired funds (all funds
must be verified to close your account) |
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Divorce
decree/separation agreement |
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Copy of deed if
refinance |
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VA loan applicants:
bring certificate of eligibility when you apply |
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FHA loan applicants:
bring picture ID (driver's license), year to date pay stub, and social security
card |
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First Time Buyers >The Seller May Pay
The costs of buying a home may be daunting. For example, you may have finally saved enough for a down payment on your first home, with a little left over to buy the furniture you will need. Then you hear about having to pay closing costs you weren't anticipating, and this may seem like a real setback.
One way to cover such a shortage is to make the sellers an offer that calls for them to credit you for some of the closing costs. As a rule, the sellers may pay a maximum of 3 percent of the sales price if the buyer is putting five percent down. If the buyer is making a down payment of 10 percent or more, the seller can contribute up to 6 percent of the sales price to cover the buyer's closing costs. Some items, such as prepaid taxes and the first month's mortgage payment, must be paid by the buyers. Sellers may also contribute to paying the appraisal, points, title insurance, settlement attorney fees, state or local transfer taxes and similar items.
Keep in mind that if the credit is included in the price of the house, the appraiser will have to justify the amount, based on sales prices of similar homes in the neighborhood.
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| Q |
In what real estate market are more than 90 percent of home sales cash transactions?
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| A |
Palm Beach, home to princes, politicians, and CEOs, has homes from 2,000 sq.ft. condos to 56,000 sq.ft. estates. |
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