Executive Private Investment Funding Co., LLC

Welcome to Mortgage 101

Proceed to Mortgage 101 Questionnaire

Important Note: you should not proceed to review this page and complete the Questionnaire unless you are committed to securing mortgage financing. The process is time consuming for all parties. If you commit to the application process EPI Fund will fully respect your time by providing you with answers within the stated time periods. Thank you.

The application process for any type of mortgage financing always starts with providing a lender with as much information on the borrower as possible. The more information a borrower can provide the more opportunity a borrower will have to secure the best available term and rate. There are several "grades" of mortgage programs that are underwritten, and the requirements and costs associated with each grade vary depending on such factors as:

• FICO Credit Scores
• Employment stability and amount of reportable income
• Self employment duration and records (as applicable)
• Reserves, cash down payment, and or equity (new or refinance)
• Prior activity of foreclosure, bankruptcy, repossession, collections, etc
• Ability to enter into binding contract and mortgage
• Other factors that may be uniquely applicable to a borrower

DOCUMENTATION NEEDED TO PROCESS YOUR APPLICATION

There are essentially two application formats for mortgage financing, whether the borrower is a wage earner, self employed, or retired:

Full Documentation
No... to limited Documentation (aka "Stated Income and Stated Asset")

For a "full documentation" application you should have a mid FICO Credit Score in excess of 520 as a general rule. In addition, for a "full documentation" application your mid range FICO Score only represents a portion of your loan application package. For a "no to limited documentation" application you should have a mid FICO Credit Score in excess of 640 as a general rule.

As you fill out your Mortgage 101 Questionnaire you will need to indicate whether you are applying for a {Stated or Full Doc} mortgage program. You will be required to supply copies of the support documents listed below. Thus, after you have completed your Mortgage 101 Questionnaire, and as a requirement to processing your application, you must deliver via fax those documents that would be pertinent to your mortgage application program:

Full Documentation:

• Two Months of Pay Stubs
• W-2's for the last two tax years
• Two months all bank statements
• Last two quarterly Securities Statements from Brokerage if applicable
• Documentation to support any of the following income if applicable:
  • Social Security
  • Pension or Retirement
  • Child Support
  • Spousal Support
  • Rental Property Leases
• If self employed, last two tax years Federal Tax Returns
• If self employed, 12 months of all bank statements
• If self employed, last two quarterly Securities Statements if applicable

Stated Income and Stated Asset:

• Evidence of ownership of any stated real estate or securities
• Twelve months all bank statements
• Last two quarterly Securities Statements from Brokerage if applicable
• Documentation to support any of the following income if applicable:
  • Social Security
  • Pension or Retirement
  • Rental Property Leases
• The above list is only for applicants who claim they are retired
• If self employed, Last two tax year Federal Tax Returns

Please fax all of your requisite support documents to EPI Fund at (480) 892-8224.

If you are seeking purchase money financing or a refinance of your existing mortgage, and you are not in default, please click the direction key below.

Proceed to Mortgage 101 Questionnaire

WHAT IF I AM PRESENTLY IN DEFAULT OF MY MORTGAGE OR IN FORECLOSURE?

If you let your existing mortgage go into default in excess of five months your opportunity to secure replacement financing will be difficult, and certainly costly. In addition you will be required to show through an independent appraisal of your property net equity of between 20% - 30%.

If you let your property go to foreclosure and or you file bankruptcy to stop the sale, your credit will be ruined and your recovery time will be extended by a factor of 2 to 5 (four years to ten years)! However, if you are able to secure financing to cure a default or pending foreclosure, your credit score recovery time can be as brief as 1-2 years.

DO NOT DELAY TO CURE YOUR DEFAULT: APPLY NOW!

You will be required to fax deliver those documents defined above that will be pertinent to your type of application. An EPI Fund representative will contact you within 24 business hours from our receipt of BOTH your application and support documentation. If you have any questions or comments as to the documentation you need to supply, please state them in the comments section at the very end of the Mortgage 101 Questionnaire.

Out of respect for your time as well as the professional time of the staff and principals of EPI Fund, our lenders, title search and escrow participants, appraisers, legal counsel, and other contributing professionals, please remain, if at all possible, 100% committed to the entire process of securing mortgage financing when you apply for financing with EPI Fund.

Our commitment to you is to give you the best service in as timely a manner as possible throughout the application and processing of your financing transaction. We only ask that you maintain the same level of commitment through your successful closing. Thank you.

Thank you for your time visiting EPI Fund on line and for completing your Mortgage Application. The staff of EPI Fund looks forward to being of service on your behalf.

Proceed to Mortgage 101 Questionnaire