Home Buying Advice Smoky Mountains East Tennessee Home Mortgage Lenders Learn about Home Mortgage

Who are Direct Mortgage Lenders?

Bank of England Tennessee is a Direct Mortgage Lender.  Debbie Scarantino with Bank of England Tennessee is a 30 year veteran in the mortgage loan, mortgage lending business and has the experience to walk you through each step of the process.

Visit http://www.boetennessee.com to know even more about Bank of England Tennessee.

What is the typical home loan process?A typical home mortgage loan process consists of 10 easy steps:

  1. Complete the pre-qualification worksheet
  2. Pre-purchase consultation with an BOE Mortgage home mortgage loan specialist
  3. Gather and prepare necessary documents
  4. Receive credit approval
  5. Obtain a property inspection
  6. Loan officer orders home mortgage loan documents
  7. Buyer obtains homeowners insurance
  8. Our loan experts update you on document status
  9. Seven-day pre-closing confirmation
  10. Easy, smooth, on-time closing!

What do I typically need to apply?

  1. W-2’s for the past 2 years
  2. 2 most recent year-to-date paycheck stubs (within 30 days).
  3. Residence address – past 2 years and landlord information if applicable.
  4. Name and address of each employer – past 2 years
  5. 2 years’ tax returns, if self-employed or commission.
  6. Last 2 months’ bank statements for all checking, savings and retirement accounts (all pages included).
  7. Divorce Decree and 12 months’ proof of child support. when applicable
  8. Address of other real estate owned.
  9. Loan information on all real estale owned.
  10. Payment for appraisal.