Western Realty Finance

Western Realty Finance

“Experience and Trust”

September 25, 1999

Ms. Nadine Love

9999 Portillo Way

Vista, CA 92083

Dear Ms. Love,

Thank you for considering Western Realty Finance to provide your real estate and home loan needs. Our custom tailored mortgage and real estate closing services ensure that you receive the home and mortgage that best fit your needs.

Included in this report is your personalized loan Pre-Qualification Statement. (Your certificate number is: AAA123456789.)We suggest you provide the certificate to your real estate agent or the home seller or their agent. In addition, we have provided a summary of other valuable information and services that you have selected. This transaction qualifying package should support your negotiating strategy and demonstrate to the sellers your ability to complete the transaction based on mutually agreeable terms.

Please review your personalized Home Purchase and Mortgage Analysis summarizing your primary preference of a 30 year, fixed rate, conforming loan. These figures are based on the answers you provided us in the loan interview. The analysis includes some assumed purchase terms and estimates of the loan terms and costs to close your transaction. (All figures are preliminary estimates and may vary based on the purchase price and other factors as yet unknown or unverified) We believe this to be an excellent choice of mortgage and closing services for the most important investment you’ll make, your home.

Please discuss with your real estate agent or transaction closing advisor(s) any questions you have regarding these figures or the loan and real estate closing process.

Our objective is to provide you with information that allows you to plan and choose the mortgage and real estate closing services that best fit your needs in the most professional and cost effective manner possible.

Sincerely,

David Van Waldick

Real Estate & Mortgage Broker

REALCERTSM - Pre-Qualification Certificate

Certificate Number: AAA123456789

Certificate Date: September 25, 1999

Applicant(s):Ms. Nadine Love

Mailing Address: 999 Portillo WayProperty:To be determined

Vista, CA 93083 Address:Carlsbad, Ca.

Mortgage Prequalifying Statement of Opinion

This certificate states the listed client has been pre-qualified for the loan terms discussed. The applicants are likely eligible for the loan(s) requested for a period of up to 90 days from date on this certificate "certificate date" based on the information provided, unless the applicants financial situation changes materially during this period. (This opinion in no way implies or constitutes a commitment to lend funds. Full loan approval can only be issued by an underwriter delegated by the lender providing funds.)

Interview Conducted

The above named applicant(s) have supplied us with information for a mortgage to purchase a home at the above address or for a property yet to be determined. We have reviewed in a detailed manner their financial condition including income, credit history (their credit report with a credit score is on file as of this statement), and their ability to complete the transaction with the necessary cash and other requirements. The financial summary of our interview is contained in the accompanying page entitled SmartAnalyser, "Home Purchase and Mortgage Analysis".

Stated Purchase and Financing Terms

According to the information provided we believe the applicants to be qualified for a loan amount of approximately $142,500. This amount is based on the applicant's statement to us in reference to his/her purchase price of up to $190,000, a down payment of $47,500 (25%), and all other terms of the purchase offer and acceptance.

Subject to Verification

This pre-qualification is subject to verification of information provided to qualify, including but not limited to, employment and income, and credit history. The applicants have been advised to complete a full loan application and provide all requested supporting documents so that they may be pre-approved by an underwriter for the purchase and loan terms requested. Full loan approval is further subject to the list of conditions or events discussed with the applicants as listed, if any, on page two of this pre-qualification summary, as well as any conditions required by the underwriter who will approve the loan and issue the funding commitment.

QuikUDWSM

Preliminary Purchase and Loan Qualifying Considerations

The applicants are strongly advised to consider the following standard or specific qualifying requirements in association with their desire to purchase a home and secure a home loan. All considerations are affected by the purchase price of the property they select. This in no way implies or constitutes a commitment to lend funds.Full loan approval can only be issued by an underwriter delegated by the lender providing funds.

Specific Requirements for the desired transaction:

Sale of current residence concurrent with close of new residence, with net proceeds to seller of approximately $72,000.

Completed loan application for purchase of new property and provide all requested documentation to confirm assets to close, income information, or satisfactory credit explanations.

New property to appraise at purchase price plus upgrades or higher, including any seller concessions for improvements or closing costs.

Underwriter to give loan approval and commitment for terms requested.

Plus the standard loan processing documents and underwriting requirements for most loan approval requests. These can be found on page two of this summary.

QuikUDWSM -Loan Processing Requirements

Thank you for considering NetBranch Realty & Mortgage to provide your home loan services. Please complete or provide the following information. Documents you provide us should be copies only. Please return these items to us as soon as possible.

I. Loan Questionnaire:Please complete thoroughly. Include addresses and account numbers wherever possible, and sign and date. By signing the application, you are authorizing us to request your credit history from multiple credit providers.

II. Income Verification: Recent pay stubs for each applicant. 2 years W-2’s for 1997 & 1998. If self-employed or have a second business, we will need 1997/98 tax returns, all schedules and a 1997 YTD P&L. Please sign these items with current signature(s). This P & L may be handwritten on your company’s letterhead, and may be very limited in content, and does not need to be from a CPA.

III. Bank Statements:Provide 3 consecutive months of bank statements for all checking and savings accounts. If you have investment accounts or retirement accounts provide the most recent statement(s) showing the balances and accounts numbers.

IV. Disclosures:We have provided a preliminary summary of the initially discussed loan terms. These may vary slightly depending on your preferences and/or underwriting approval. Please review them and ask questions about anything you do not understand or does not meet your needs.

V. Purchase Info:If this is a purchase loan, as soon as available to you, we will need a copy of the Purchase Offer and Acceptance (signed by all parties) and a copy of the escrow companies instructions, and a copy of the purchase deposit receipt.

VI. Application Fee:In order to receive underwriting loan approval, WRF Co. will need to request a check for $ 50 to cover the credit report and preliminary loan processing. Make payable to Western Realty Finance. This fee is non-refundable unless your credit request is denied.

Please call me with any questions at (760) 599-1261. My goal is to provide you the loan that best fits your needs in the most professional and cost effective manner possible.

David Van Waldick

Real Estate and Mortgage Broker

Mortgage Loan Questionnaire (Please complete any information not already provided)

Please tell us about yourself and Loan and Property needs:
Loan Type:
30 Year fixed / New Loan Amount:
$229,500 / Interest Rate:
7.75% / New P & I Pmt.
$1,644
Estimated Closing Costs:
$7,454 / Escrow account for taxes and insurance?
Yes / No / Property Address:
To be determined / Do you own other property
with loan payments?
Yes / No
Old Loan Amt to pay off:
$247,396 / Name of Lender to pay off:
Fleet Mortgage / Will you be getting cash
To close from a relative or
Other source? Yes / No / Other Comments:
Please tell us about the Primary Applicant
Last Name:
Love / First:
Nadine / Middle Initial:
A. / Social Security #
Age:
Current Residence:
999 Portillo Way / City & State
Vista, CA / Zip Code:
92083 / Married ? Yes / No
Year Acquired: / Home Phone #:
760-999-9999 / Work Phone#: / Best time to call:
Present Employer: / Position / How Long?: / Monthly Gross Income: / Employer Address:
Prior Employment: / Position / How Long? / Monthly Gross Income: / Prior Empl. Address:
Other Income Source? / Type of Income: / Is it Verifiable? Yes / No / Amount of other Income:
Name of Bank: / Checking Acct #: / Savings Acct# / Branch Address:
Please tell us about the Co-Applicant
Last Name:
None / First / Middle Initial / Social Security #
Age:
Present Employer: / Position / How Long?: / Monthly Gross Income: / Employer Address:
Prior Employment: / Position / How Long? / Monthly Gross Income: / Prior Empl. Address:
Other Income Source? / Type of Income: / Is it Verifiable? / Amount of other Income:
Name of Bank: / Checking Acct #: / Savings Acct# / Branch Address:

X______|______X______|______

Applicants Signature Date Co-Applicants Signature Date

All information provided herein by applicants is confidential and will be used soley by Western Reatly Finance Co. for determining your eligibility for obtaining a home mortgage loan. Full loan disclosures will be provided as required by Federal and State consumer lending laws after we have received a completed signed loan application. (Western Realty Finance is Licensed in Cal. By the Dept. of Real Estate. Broker Lic# 01065844. CA DRE Phone # is (916) 227-0931)

Closing Service Providers

Ms. Nadine Love

999 Portillo Way

Vista, CA 92083

Certificate #: AAA12345678

You have chosen these service providers to assist you in managing and closing your transaction.

Real Estate Office
Real Estate Insight
1605 So. Melrose, Ste F
Vista, CA 92083
Contact: Tom Reilly
Phone : 760-941-4000
Fax # : 760-597-0031
E-mail : / Mortgage Lender
Western Realty Finance
2131 Palomar Airport Rd., #300
Carlsbad, CA 92009
Contact: David Van Waldick
Phone : 888-930-4223
Fax # : 760-599-1261
E-mail : / Escrow Co.
Fidelity National Title & Escrow
5973 Avenida Encinas, #320
Carlsbad, Ca 92008
Contact: Sally Holmen
Phone : 760-804-9717
Fax # : 760-8049612
E-mail :
Title Insurance
Fidelity Title Co.
5973 Avenida Encinas, #320
Carlsbad, Ca 92008
Contact:
Phone : 760-804-9717
Fax # : 760-8049612
E-mail : / Appraiser
Jerry Donabella Appraisals
PO Box 1234
Fallbrook, CA 92999
Contact : Glenda
Phone : 760-728-5659
Fax # : 760-728-5659
E-mail : some day / Property Inspection
Private Eyes Inspections
1234 Opal Ridge Rd.
Vista. Ca 92083
Contact: Massood Gaskari
Phone : 760-999-9999
Fax # : 760-999-9999
E-mail :
Credit Reporting Co.
Financial Research Services
1234 Ave. Somewhere
Carlsbad, CA 92009
Contact : Teresa
Phone : 760-602-2920 x112
Fax # : 760-602-1221
E-mail : / Pest Inspection
Bugs Away
1234 Broadway
Vista, CA 92084
Contact: Mr. Bug Squasher
Phone : 760-999-9999
Fax # : 760-999-9999
E-mail : / Homeowners Insurance
State Farm
277 So. Rancho Santa Fe Rd., Ste M
San Marcos, CA 92069
Contact: Joe Dottore
Phone : 760-471-6111
Fax # : 760-471-1145
E-mail :

Smart Closing Statements

Sorry, the closing statement forms are still under development.

However, we think you will like what you see.

Estimated HUD I - Show consumer a projected copy of the form the escrow

company will use when they sign your documents with you at the closing table.

Preliminary Loan program disclosures: Reg. Z and Truth in Lending -Provides

Federally required loan program information and financial summary. (As if

it makes any sense when we see it anyhow! But, the sooner we look at it, the

more we begin to understand it. And that's the purpose, to begin asking questions

early in the process.)

Stay tuned!

The Web Master

Western Realty Finance is a Real Estate Broker (Lic#01065844) Lic. in Ca. by the Dept. of Real Estate