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www.PowerPointMortgage.com

IMG_3526RLOUIS BERARDOCCO is the President/Owner of Powerpoint, Inc., a NYS Licensed Mortgage Broker, for 22 years.  He will provide you with a variety of options when it comes to mortgaging a property.  As a full service mortgage broker he will help you understand the complexities of the various types of mortgages and guide you to choose the right mortgage.  Lou is affiliated with many lending institutions and is a processing broker.  All paperwork is done on site and submitted to the lending institution for approval.
POWERPOINT MORTGAGE PROVIDES THE FOLLOWING SERVICES:
RESIDENTAL
PRE-QUALIFICATION SPECIALIST
COMMERCIAL
APPARTMENT BUILDINGS
LINES OF CREDIT
PURCHASE OR REFINANCES
EXPERT LOAN CONSULTATION
VERY AGGRESSIVE PRICING
TIMELY PERFORMANCE
FHA LOANS

• Loan Application Checklist
For all Loans:
Social Security Number, for borrower and co-borrower if any
Employment History for the last two years, employment dates, addresses, salary. Current pay stubs or W-2 forms.
Check and Savings Accounts and Certificates of Deposit
Location of bank accounts, account numbers and balances; Address of bank if out of
town and Last 3 months' statements
Stocks, Bonds, and Investment Accounts
Broker's name and address, description of stocks, bonds, etc. Last 3 months' statements or copies of stock certificates
Life Insurance Policies
Insurance company, policy number, face amount, cash value, if any
Retirement Plan
Approximate vested interest value
Copy of latest statement
Automobiles
Make and model of automobiles, their resale value
Other Assets
Market value of personal and household property
Liabilities and Other Non-Mortgage Debt
Creditors names, addresses, account numbers
Monthly payments and balances
All Other Income Information, that you may need:
If you're self-employed
Two years tax returns, profit and loss statements, both company and personal if separate.
Current balance sheet and profit and loss statement if more than two months into the
new fiscal year, signed by CPA.
If you have income from:
Commission Overtime Bonus Partnership Rental Property Trust Notes
Receivable Interest/Dividends You'll need two years' personal federal tax returns
If employed in family business
Personal federal income tax returns and all schedules for the past two years
If divorced or separated
Complete executed divorce decree and settlement agreement Payment history of
alimony/child support over the past 12 months, if it is a financial obligation. If you
choose to have this be considered as part of your income (you don't have to), be prepared
to provide 12 months canceled checks or bank statements reflecting income deposits.
If you own real estate:
Name and address of all mortgage lenders for the past 24 months, account numbers,
monthly payments and balances
If you've sold your home but not closed:A copy of the sales contract
If you've sold your home, closed, and you will use the proceeds for your new down
payment:A copy of the HUD-1 Uniform Settlement Statement.
If you rent:
Name, address and phone number of landlords for the past 24 months
If you’re buying a home:
Purchase sales contract or offer to purchase and all addenda Furnish contract with
original signatures of buyer and seller
If a source of your down payment is a gift:
Name, address and relationship of donor. Gift funds will be verified in both the donor
and recipient's accounts. Note: Not all loan programs allow gifts to be part of your
down payment.
For FHA Financing Evidence of Social Security Number and photo identification
For VA Financing DD214 and Certificate of Eligibility
For Construction/Perm Loan Signed construction with cost breakdown, builder plan
and specifications
1578 Forest Ave
Staten Island, NY 10302-2225
(718) 816-7600