A – Introduction

I am shopping for a no-cost, refinance mortgage for my primary home.

This is not permission to pull my credit history – you will be able to do so if I make a formal application for credit if I like the quote you share with me.

B – Phone calls

I prefer email so I have numbers to study/consider, but we can occasionally discuss over the phone as necessary.

C – Timelines

No deadlines – I may or may not choose to proceed with the refinance.

D – Property Details

123 Main Street, Boston, MA 02222

Single family home

Title agency used: TBD

E – Values and remaining Balances

House currently valued at around: $500,000 (maybe more)

Remaining balance: $300,000

G – Mortgage Options Sought

30 year fixed-rate, conventional, might consider 15 or 20 years
Zero effective cost for any discount points  
Zero Processing fees  
Zero Underwriting Fees  
Zero other financial, refi fees  
No escrow/impound for insurance, taxes or HOA dues (none of these are escrowed today)
No early pay off penalty/no prepayment penalty

H – My Background and Credit Profile

Male/Female, 35 years old, single/married (specify whether your spouse would be on the loan)

Current address: 123 Main Street, Boston, MA 02222

Sales Manager for 10 years, current annual income (base salary alone + bonus) from primary, full-time job is ~$200,000
Current loan payments ~$1600/month (principal + interest) (4% APR)
Credit cards paid in full each month, and credit agencies show less than $200 balance on all the credit cards combined
Never foreclosed, bankrupt, nor late on any payments

Credit Scores (all above 800 – PLUS, Vantage and FICO scores)

I – Information Requested

Your best rate quotes for mortgage option sought above (in APR values, not simple rates)
Specify what typical time frames you have for closing, from full application to closing
Detailed list of expected fees, if possible, for the loan/mortgage itself and other closing costs (for title fees, recording fees and title insurance, you may list your best guestimates), if non-zero
A confirmation of which of the “Mortgage Options Sought” (listed above) conditions you satisfy, and which ones you do not
Guarantee that you will send me all paperwork (delivered to me) at least X business days prior to closing date so that I may have sufficient time to review those with my attorneys
Let me know if you have a local presence, if any (local to XYZ County)
Are your loans/mortgages assumable?
Is it possible to add someone to my mortgage in the future without refinancing? (e.g. spouse)
(Optional) Any pointers to authentic, trustworthy sources and testimonies to your services
(Optional) Any other customers you have recently closed (MLS listing numbers are sufficient)

Thank you,

Homeowner C. Borrow

E-mail: [email protected]