Helpful Tips That Can Affect Your Loan

THE DO’S

1. Securing your loan approval included meeting national industry guidelines, which may require additional documentation. If we request more information, your prompt response will ensure meeting your closing date.

2. If we request proof of additional funds, either for loan approval or closing, here are some steps to remember:

• Always copy the check to be deposited.
• Ask for an official bank receipt, stamped and signed by a bank employee with current balance.
• If you are receiving gift money, we need a completed Gift Letter Form and a current bank statement from the Donor.
• If the funds come from accounts that will be liquidated, wire it directly to the title company to save time.
  
  

3. Closing funds are to be in the form of a cashier’s check payable to the title company.

4. Bring formal identification, such as your driver’s license, to the title company when signing your closing documents.

THE DON’TS (What to Avoid)

• DO NOT open any new credit lines or extend existing ones.
• DO NOT have your credit pulled.
• DO NOT spend money needed to cover the amount due at closing.
• DO NOT forget to bring your cashier’s check to the signing.
• DO NOT make any major purchases.
• DO NOT move money into your bank accounts unless it can be traced.
• DO NOT go out of town around the closing date.
• DO NOT change jobs.
• DO NOT co-sign on any loans.
• DO NOT throw away or pack bank financial statements or pay stubs until after closing.
• DO NOT forget to pay all your current monthly bills on time!
  

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