SAMPLE

 

MORTGAGE OR LOAN REFERENCE

 

(Company letterhead)

 

 

(Date)

 

To whom it may concern:

 

 

We hereby certify that Mr./Mrs. ______________________________ has maintained a loan account # __________________ in good standing with our company since ______ and with a current balance of _____________ with monthly payments of ____________.

 

 

If you need additional information, please do not hesitate to call me.

 

 

Sincerely,

 

 

(Authorized representative)

SAMPLE

 

CREDIT REFERENCE

 

(Company letterhead)

 

(Date)

 

To whom it may concern:

 

 

We hereby certify that Mr./Mrs. ______________________________ was granted a credit account # __________________ with a high credit of __________ and monthly payments of ________________. This credit account was paid in full on ____________ and was maintained to our complete satisfaction.

 

 

If you need additional information, please do not hesitate to call me.

 

 

Sincerely,

 

 

(Authorized representative)

CREDIT REFERENCE LETTER

 

(To be prepared on Credit Grantor’s Letterhead)

 

 

Date:

 

Re: Borrower’s Name

 

To Whom It May Concern:

 

This is to inform you that Mr. __________________ has been a client of _________________________ since _________________.

 

We have extended credit opportunities to Mr. ____________________ From ___________ to __________. He has repaid all outstanding obligations in a timely manner from ___________to____________.

 

The maximum credit limit was/ is $_______________. The minimum monthly payment required was/ is $______________.

 

Attentively,

 

 

Signature_________________.

 

. Credit Grantor’s Name and Title

 

 

Credit references can be from the following:

 

• Credit Cards

 

• Auto Loans

 

• Home Mortgages

 

• Utility Payments

 

• Rental Agreements

 

References must include a minimum one year history of timely payments.

 

List of Documents:

 

1. Copy of passport(s)

 

2. USA and/or local personal bank statements to source funds for the transaction (last 3 months). We can help set up a US bank account if required. (We need to source and document deposit funds for the transaction and evidence these funds come from you.)

 

3. Fully Executed Purchase agreement (as soon as available)

 

4. Signed Good Faith Estimate (Once Provided)

 

5. Signed Disclosures (Once Provided)

 

6. Application form completed, signed and initialed (Attached)

 

7. Copies of Latest home country mortgage statements for each borrower (12 months)

 

8. Home Country Credit report (We require every page, i.e. a copy of the full report from either of the major credit reporting companies)

 

9. 2 further credit reference letters (Example attached) Choose another line of credit that you have currently that has been running for 12 months or longer and also shows on their credit report

 

10. Note; In some cases (NOT ALL) we can order an international credit report rather than requesting credit references

 

*11. $425.00 for property appraisal (valuation), this fee will be credited towards borrower’s closing costs. (We will request this later, once you are approved)

 

12. FOR SELF EMPLOYED BORROWERS, Accountant letter AND company financials, stating your past 2 years earnings and year to date

 

13. FOR EMPLOYED BORROWERS, latest two years P60s, T-4s, W-2’s or tax equivalent

 

14. Most recent 2 months paystubs or evidence of latest 2 months income * may change depending on lender