When it comes to carrying out important and complex transactions such as applying for a mortgage loan, we can sometimes feel a bit confused by the number of steps to complete and documents to submit. Your mortgage representative can assist you in this process. At Oriental, all our representatives have the necessary experience and empathy to guide our clients throughout this process.

To initiate the process of applying for a mortgage loan, the client must submit the following documents:

• Property deed with the legal description and presentation data.
• Salary stubs covering the last 30 days.
• Income Tax Returns [W-2 forms] for the last two years.
• If the applicant is self-employed, certified tax returns for the last 2 years should be provided instead.
• Bank statements from the last two months.
• Purchase and Sale Agreement [if applicable].
• Evidence of payment for the option to purchase from the seller [if applicable].
• Property Catastrophe Number, which is the number that identifies a real estate property for tax purposes in CRIM.

We recommend that once you begin the process of buying a property, you start gathering all the necessary documents so that the process can flow as smoothly as possible. Additional documents may be required during the process.

For more information on this topic, Oriental is more than ready to assist you.

Visit us at www.orientalbank.com or call 787.777.CASA (2272).