The Borrower
The borrower is a person or organization that takes out a loan from a financial institution under an agreement to pay it back later, typically with an interest. 3CALoan is a lending institute that specializes in providing financial agreements or loans to the borrower. The borrower, in this case, may consist of an individual, corporation, limited liability company, trust, or estate. Our company utilizes the loan to value ratio, credit score, credit report or credit history, and the lifestyle of the borrower to check the credit worthiness of the borrower. Hence, our loans are based on the equity of the invested real estate. 3CALoan makes full efforts to find solutions to solve our customers’ problems by making financing easy and affordable.
Documentation Required to Pre-qualify
As a real estate mortgage company, 3CALoan requires our clients to provide us with the following types of documentations:
- A copy of your borrower’s driver license
- A copy of your social security card
- Your credit report
- Your pay stubs from the last 30 days
- The 1003 loan application
- Your W2 Form from the last 2 years
- The 1097 credit authorization
- Your bank statements and your whole bank account for the 90 days
- 1040 tax return from the last 2 years
- 1120 tax return from the last 2 years if it applies
- Profit and Loss Statements (P&L) year to date from the current quarter to the last quarter if it applies
We refinance (all of the above plus):
- Current property tax statements
- Current mortgage statements
- Proof of hazard / fire insurance
Note: All of the aforementioned documents are required for each applicant.
