THE MORTGAGE PROCESS For years, Sterling National Mortgage has been helping people just like you finance their dream homes. So you fully understand each step in the mortgage process, we have provided a reference guide for your convenience.

Deciding Which Loan Program is Right for You We offer a wide variety of loan programs. Our mortgage consultants will provide you with guidance and make you feel comfortable. They will take the time to understand your needs and help you choose the best financing options possible. Completing an Application Call 914-764-7243 or e-mail us to request to have an application package sent to you. After you receive your application package, fill it out and mail it to: Attn: Palmer Page Sterling National Mortgage Company 500 7th Avenue, 11th floor New York, NY 10018 Receipt of Your Application and Confirmation Upon receipt of your completed Quick-Application, a mortgage consultant will contact you to complete the loan process. Discussing the Design of Your Loan You and your mortgage consultant can then discuss rate and program options. Once you have reached a decision with your loan officer, you may be asked to provide additional information depending on the program you choose. We will collect a nominal application fee and a charge to cover the appraisal and credit fees. You will then need to provide a Visa or MasterCard number, or mail a check or money order to 500 7th Avenue, 11th Floor, New York, NY 10018. Processing Your Loan Your completed loan application will be submitted to the processing department. We will mail you information and forms that need to be signed and returned to us within 7 days. For your convenience, a return, self-addressed, postage paid envelope will be provided for you. Included in this package are two federally mandated disclosures: Good Faith Estimate Truth-in-Lending Underwriting Your Loan Once all of the necessary documents have been filled out and your loan package is complete, it will be sent to the underwriting department. An underwriter will then review your file and make a final decision regarding your loan. Your loan officer will notify you once a decision has been made. Your Loan Commitment A written loan commitment will be issued and forwarded to you immediately following approval by the underwriting department. Your loan may have conditions that need to be satisfied before it closes. If this is the case, they will be outlined in the commitment. The commitment should be signed and returned to us immediately, along with any fees indicated. The Closing Your loan is cleared to close after we receive your signed commitment and all conditions have been satisfied. At this point, your attorney can schedule your closing. If you are not using an attorney for this transaction, your loan officer and title company will work with you to schedule the closing date.