The Do’s and Don’ts during a loan process

The Do’s

Ask Questions
- There are NO dumb questions. If you are wondering about it, ask! Thats what we are here for!
Keep your original paycheck stubs & bank statements
- We are required to update any documents that are over 30 days old prior to closing your mortgage loan (even if your loan is approved).
Provide documentation for the sale of your current home
- We need a copy of the fully executed sales contract and closing statement for the sale of your current home.
Let me know if you will receive a gift of funds
- If you are receiving a gift for your down-payment or closing costs, please let me know as soon as possible.
Let us know if your employment changes
- If you change employment, get a raise/promotion, change of pay, such as salary to commission or have a leave-of-absence, let us know!
Notify me if your marital status changes

Change Jobs
- This change could STOP your mortgage loan. We will re-verify your current employment on the same day of your closing.
Buy a car or make any major purchases
- If you need to make a large purchase like furniture, appliances, or anything expensive, please call me to make sure that it doesn’t have a negative impact on your qualifications. You will have to sign a letter at closing that states you have not opened any new credit since your Loan Application.
Deposit Cash - CASH-AT-HOME CANNOT BE USED!
- Any un-usual deposits in your checking or savings account will need to be verified if it does not come from your paycheck. Guidelines require documentation of these funds (EX: bonus checks, copy of tax refund, gift letter with copy of check).
Get a credit card cash advance
- Unsecured debt cannot be used to purchase a home.
Close or open any new lines of credit
- Closing a credit card can lower your credit score. Please call me if you are thinking about closing any of your accounts.