About Our Process

• As a start, data are requested on the loan amount, type and purpose; on the property to buy; on the loan applicant, and on his/her income and credit score.
• Every situation is unique and as such, additional documentation may be requested. Your cooperation in getting all requested information is very valuable and it will help much in speeding up your mortgage approval process.
• Call us at 1-877-562-6411 or send an email to This e-mail address is being protected from spambots. You need JavaScript enabled to view it to our mortgage consultants at PGMC and start TODAY your Free Pre-Qualification!

List of information needed to complete an application:

1. Proof of residence, two years minimum, showing tenant’s or owner’s name and lending company name or mortgage company
2. Proof of employment, two years minimum
3. Monthly gross income according to latest payment stubs received
4. W-2 income statement of two latest years
5. If self-employed, tax returns of two latest years
6. Detailed explanation for any additional income
7. Balances of all bank and checking accounts of latest three months
8. Real estate and personal property valuation
9. List of all current debts and creditors names and addresses
10. Payment check for inquiry charge, this includes credit analysis and property valuation
11. Drivers license and social security card
12. Home sale contract

• Credit score is a factor that affects in a very important way, interest rates for the mortgage you are applying for. To get your credit score with the three national credit reporting agencies, please visit:

  1. Equifax: http://www.equifax.com/
  2. Experian: http://www.experian.com/
  3. Transunion: http://www.transunion.com/
  

• Call us at 1-877-562-6411 or send an email to This e-mail address is being protected from spambots. You need JavaScript enabled to view it to our mortgage consultants at PGMC and start TODAY your Free Pre-Qualification!

Start estimating your available savings, monthly payments you can afford and get your current credit score. Afterwards, request a pre-qualification with PGMC and get all requested documents ready. Now, it is time to select your real estate agent and the house you are interested in.

Phoenix Global Mortgage Corporation (PGMC) will help you with its wide variety of flexible and adequate mortgages to fit your needs.

• Fixed Rate Mortgages These are the most traditional and common mortgages in which principal and interest monthly payments do not change during the agreed contract term which may range from 10 to 30 years.
• Conventional Mortgages They are offered in a wide variety of amounts and financing options up to 100% to better adapt to our clients needs when buying a house as a primary residence or a second home as an investment.
• Adjustable Rate Mortgages = ARM
  Allow smaller payments at fixed rates during initial periods ranging from 3 to 10 years, (3/1 ARM, 5/1 ARM, 7/1 ARM, 10/1 ARM), and their rates are adjusted periodically.

Specialty Mortgages
Wide variety of possibilities depending upon your needs.

• FHA Mortgages = The Federal Housing Administration Insurance Program Mortgages

Derived from a federal government program, they are ideal for the first-time home buyer.
• Stated Income Mortgages
  Focused on self-employed individuals.
• Foreign National Program - Tax ID
  Focused on national foreigners who hold an Individual Taxpayer Identification Number (ITIN).
• Interest Only Mortgages
  Allow smaller payments at fixed rates during initial periods, paying interest only. Afterwards, payments are adjusted to start paying the principal.
• Balloon Mortgages
  At the end of an initial period at a fixed rate, the existing principal balance is paid up.