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"Get Pre-Approved TODAY!"

With interest rates still at historic lows, now is a perfect time to get pre-approved for a purchase or refinance a loan.

Quick Tips for Getting Started on Your Home Purchase

In today's market the first step to buying a home is to get Pre-Approved!
Buying a home can be a complex process - but it doesn't have to be!

With a little preparation, you can save a lot of time and hassle by having all of your documents ready when our mortgage professional needs them.

To start with, the bank will need personal information to verify employment for you and your co-borrower (if there is one). They will also need information regarding all of your debts and assets.

In order to expedite the paperwork process, start gathering the following items:

  • Most recent paystubs for one month.
  • W2s from the last two years.
  • Signed copies of your last two years' tax returns, including all schedules that were filed.
  • If you are self-employed, a year-to-date profit and loss statement.
  • Most recent bank statements for two months, and any additional financial assets you would like to use.


Our Mortgage Loan Office will provide you with an estimate of closing costs, along with any down payment you will have to pay for your purchase.

This is a brief rundown of some of the fees that could be associated with your new mortgage:

APPLICATION/PROCESSING FEE Charged by the loan officer to process your loan application.

APPRAISAL FEE Charged by the appraiser to determine the current value of the property.

CLOSING FEE Charged by the closing agency (escrow, attorney, title) to ensure the close of your transaction.

CREDIT REPORT FEE Charged by the credit reporting agency to provide your credit report to your loan officer and/or lender.

CLOSING FEE Charged by the closing agency (escrow, attorney, title) to ensure the close of your transaction.

TITLE SEARCH/TITLE INSURANCE FEE Charged by the title company to ensure the property is free from liens or title defects.

ORIGINATION FEE Paid to the originator to obtain a lower interest rate. This is usually expressed in the form of points. One point equals 1% of the loan amount.

DISCOUNT POINTS Paid to the lender to secure a lower interest rate.

MISCELLANEOUS FEE VA and FHA loans may have other fees associated with them. Private Mortgage Insurance (PMI), document preparation, notary, recording and tax service are other fees which may fall under this category.


Ashish Trivedi and his associates can be reached
7 days a week at (818) 474.2275.


East Lion Realty & Mortgage

22048 Sherman Way #305
Canoga Park, CA., 91303

Office: 818.474.2275

Fax: 818.474.2278