The Joe Costa Show

Joe Costa, a 25 year mortgage professional, business relationship facilitator, and sales educator can be heard weekly on his radio show, The Joe Costa Show.  He discusses current events, financial markets, mortgage/real estate markets and current trends. Connecting local business owners and making their brands and services known to the local community is a focal point of his show and his passion.  To hear previous recorded shows go to www.thejoecostashow.com.

Park Place Foundation Group Helps With The Teddy Ball

Joe Costa and Marni Wolf co-founders of Park Place Foundation Group are extremely excited to be involved with the setup for Saturday night's charity event, The Teddy Ball, benefiting Miracle Babies. Every guest will bring a teddy bear that will be donated to Miracle Babies and spread throughout San Diego's hospitals and care centers for their young patients. Park Place Foundation Group is looking forward to working closely with the nonprofit organization Cruise 4 Kids that hosts The Teddy Ball and The Bunny Ball in the spring.

The Loan Application Checklist

It is extremely important when applying for a home loan that you submit all of your documents to your mortgage professional in a timely manner.  If you can gather these essential documents before you go shopping for a home it will ease the stress of the home loan process.  Below is a checklist to help you gather the necessary documents to give to your mortgage professional.  If you have any further questions call Joe Costa, a mortgage professional, to help guide you through the process.

Loan Application Checklist

In general, the documents you will need includes:

	Check for application fee
Property Information (if you already have a contract on a house)
	Purchase Agreement.
	Copy of legal description and MLS sheet.
	If you are selling your current home, copy of listing contract.
	If you have sold your current home, copy of settlement statement (HUD-1).
Income & Assets
	Pay stubs for the last 30 days.
	For the past two years:
	Names and addresses of each employer. W-2s
	Statements for each bank, mutual fund, and/or investment account for the last three months.
	Estimated value of personal property and furniture.
	If you have made any large deposits to your accounts:
	Explanation and source for deposit. If large deposit was a gift:   Signed gift letter (lender can supply). Copy of gift check. Copy of deposit receipt.
	If you own more than 25% of a business:
	Corporate or partnership tax returns.
	If self-employed:
	Tax returns for the last three years (with schedules). Year-to-Date Profit and Loss Statement prepared by an accountant.
	If you own rental property:
	Tax returns for the last two years and current rental agreements.
	If you are retired:
	Pension Award Letter.
	If you receive Social Security:
	Social Security Award Letter.
	If you are counting child support as income:
	Copy of divorce settlement. Copy of twelve months of cancelled child support checks.
Debts
	Names, addresses, account numbers, balances and monthly payments on all current loans.
	Explanation of credit report anomalies, including:
	Late payments, credit inquiries in the last 90 days, charge-offs, collections, judgments and/or liens. Bankruptcy filed within last seven years (bring a copy of your bankruptcy papers).
VA Loans
	Copy of DD Form 214, Report of Separation.
Miscellaneous
	Photo ID and proof of Social Security number.
	Residence addresses for the past two years.
	If applicable, a copy of your divorce decree.
	If you are not a citizen, a copy of the front and back of your green card.

Joe Costa Mortgage Notes for Realtors Volume 5: Learn To Be Respectful During The Loan Process

This concept is a continuation of the first concept, “Commitment before Ego”. This simply means give your mortgage professional the space to work directly with the client. Let your mortgage professional take ownership with the mortgage file which in turn makes you look great to your client. A great mortgage professional will make himself/herself available at all hours of the day just like you do. This part of their job is just like yours. RESPECT them for it..
Don’t look to throw your mortgage professional “under the bus” because you are not hearing the news you would like to. Ask for clarity so you can better understand what’s going on. This keeps you on the same page with your mortgage professional and allows buyers to feel more comfortable with the process. 
Call Joe Costa, San Diego's mortgage professional, to find out more about how to build a "hurricane proof" relationship with your mortgage professional.