Bridge Loans | Mark Maimon | Luminate Bank

Document Tips
Have these ready!

Salaried Employee:
- 2 most recent pay stubs
- 2 most recent W-2s and federal tax returns (all pages)
- Proof of your last 2 years of bonus/commission income
- Proof of your last 2 years of RSU income & vesting schedule
- 2 months of bank/investment/retirement account statements
- Mortgage/Tax/Insurance/HOA statements for all properties owned

If Sole Prop:
- 2 most recent years of personal federal tax returns (all pages)
- Profit and loss statement for the period since your last tax filing
- 2 months of bank/investment/retirement account statements
- Mortgage/Tax/Insurance/HOA statements for all properties owner

If Business Owner/Partnerships:
- 2 most recent W-2s and K-1s (as applicable)
- 2 most recent years of personal federal tax returns (all pages)
- 2 most recent years of corporation federal tax returns (all pages)
- Profit and loss statement for the period since your last tax filing
- 2 months of bank/investment/retirement account statements
- Mortgage/Tax/Insurance/HOA statements for all properties owned
Home Search Tips
Hire a qualified real estate agent early on
Submit realistic offers
Expect some bumps along the way
Don't prepare to move too early
Rate Lock Tips
Read Rate Trends
Discuss When and How Long to Lock for
Decide on Paying Points or not
Understand the Break Even Analysis for Points
Understand Tax Deductibility
Credit Tips
It's OK to have more than one mortgage inquiry
Don't apply for or open new credit accounts
Don't close unused credit accounts
Speak with us before paying off delinquent accounts
Appraisal Tips
Understand the purpose of an appraisal
Set expectations appropriately
Ask questions about scenarios following a low appraisal
Research Market Values in your neighborhood
Underwriting Tips
Income & Employment History
Assets & Post-Closing Reserves
Credit Score & Active Credit Accounts
Property & Appraisal
Pitfalls to Avoid During the Process
Changing Jobs
Applying for New Credit
Paying Off Debts or Delinquent Accounts
Moving Funds Between Accounts
Jumping the Gun with Movers, Contractors & Landlords

Mark Maimon has closed in excess of $2 billion in total loan volume since entering the mortgage industry in 2002 and has been ranked among the top loan originators in the nation every year since 2006. He has been recognized as a “Power Originator” and “Hot 100 Mortgage Professional” by Mortgage Professional America magazine and regularly contributes to national publications, podcasts and trainings for top real estate firms and financial organizations. Mark’s bi-coastal team has a client roster that includes award-winning entertainers, professional athletes, high net worth individuals, real estate investors, first-time buyers and everything in between. They have built an impeccable reputation based on their unrivaled creativity in addressing challenging loan scenarios, their ability to clearly and effectively explain complex financial concepts, as well as their keen understanding of how decisions made during the mortgage process can affect a client’s long-term net worth. These characteristics, along with each team member’s unwavering integrity, attention to detail, easy-going demeanor, and endless drive to educate those around them are what set them apart from the rest.

Work with our team and you’ll have a group of incredibly committed, friendly, creative and knowledgeable advocates on your side – each with roughly 2 decades of mortgage experience. What makes our team unique is that we are experts in understanding underwriting guidelines which helps us proactively anticipate potential hurdles before they appear and create more efficient and seamless transactions for our clients. We also have team members whose sole responsibility is to find ways to make a client’s experience better. We’d put our team up against any in the industry!