After letting the guys have some fun yesterday, I’m back! While I was gone I discovered what women want and I’m pretty excited! I share my ground breaking discovery in today’s episode.

I also share the 7 things that every borrower needs when doing a mortgage. Why not prepare? It might save you time and money.

Check it all out in today’s video:

(Watch it on your mobile phone or email reader here)


What do women want? According to recent research and Century 21, single women want their own home (and to watch Rates in motion every day). Check out this article to learn more.

After the “How to Close Your Mortgage Loan Faster” episode, I got a lot of questions from borrowers and realtors about what is needed in today’s typical mortgage transaction. Ask and you shall receive.

Here is a list of items you will need in todays new lending environment:

  • 2 years of tax returns and W-2’s (3 years if self employed
  • 30 days worth of paystubs
  • Bank statements covering 30 days and documentation on any large deposits
  • Proof of homeowners insurance
  • Bankruptcy, divorce decree, or child support papers (if applicable)
  • Copy of your current mortgage statement and property tax bill (or lease if you’re purchasing)
  • A complete “Offer to Purchase” agreement with all signed addenda and inspections (purchase only)

In order to have a smooth underwriting experience, all these items should be sent together. Not all loans require all these items. However, if you have them ready to go just in case, you wont run into any issues with needing more documentation. You can never be over prepared!

If you email me ( I will send you a more detailed list of items needed on each type of mortgage transaction. Hopefully it helps!

Rates are Down today!! Nice!

Mortgage Bonds are seeing a nice rally and remain in the positive territory due to the weaker than expected housing numbers and manufacturing data. Weakness in the stock market is also helping mortgage bonds.

Today’s rates with no lender fees are 4.375% on a 30 year fixed, 3.625% on a 15 year fixed, and 2.875% on a 5/1 ARM. Click here to get the details and other rates I found today with NO lender fees.

Please don’t forget to share today’s episode and let’s change the way people shop for a mortgage…forever!

See you tomorrow!

– Mike


To ask a question, get advice, or find out what your lender is making off your loan, just post a comment with your question.

Click here to visit the community of Rates in Motion viewers on Facebook.

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