HELPFUL HINTS FOR THE MORTGAGE PROCESS

Keep documentation on any large and significant deposits into your bank accounts. This type of "paper trail" is compiled of copies of all paperwork necessary to prove a financial transaction: copies of all checks, deposit slips, loan paperwork, forms to liquidate assets, etc.

Alert us if your salary changes from what is recorded on your loan application. Keeping your records up to date and as accurate as possible helps give you the loan best suited for your needs.

Avoid changing jobs. A change in compensation could affect your ability to qualify. Borrowers must have a two-year history of bonuses and/or commissions to be counted as income. As a quality control check, lenders may verify employment on the day of closing.

Acquire homeowner's insurance with minimum coverage equal to the amount of your total loan or the replacement value of the home. Also, be sure to share the agent's name and phone number with your Loan Officer at least 10 days prior to closing.

Also, be sure to share the agent's name and phone number with your Loan Officer at least 10 days prior to closing.

Let us know if your address changes from what is listed on your original loan application. We will complete rental and mortgage verification for all of your residences within the last two years.

Try not to acquire any additional lines of credit or make any large purchases on existing credit without first consulting your Loan Officer. As examples, purchasing a car or buying major appliances for your new home will negatively change your debt-to-income ratios.

Prior to co-signing with anyone to obtain a line of credit, consult with your lender. The payment will show up on your credit report as an additional debt.

If you are uncertain about what to do at any point of the loan process, please contact your Loan Officer for more information.

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