DO'S

1. DO keep originals of all pay stubs, bank statements, and other important financial documentation which may be required to update any documents that are over 30 days old prior to the closing of your mortgage loan (this is required EVEN if your loan has been fully approved).
2. DO provide all documentation for the sale of your current home (i.e., sales contract, closing statement, employer relocation/buyout program).
3. DO notify us if you plan to receive gift funds or other monies for the down payment for which we have not yet received documentation.
4. DO notify us IMMEDIATELY of any anticipated (or unanticipated) employment changes (i.e., change of employer; recent raise/promotion, change of pay status, such as salary to commission, change of number of hours being worked, etc.)
5. DO keep current on all of your payments, including rent, mortages, auto and credit cards.  The lender may pull a final credit bureau report prior to closing.
6. DO notify us immediately if there is a change of marital status or financial status.
7. DO start shopping for homeowners' insurance, keeping in mind that your maximum deductible allowed is $1,000, and you must cover the loan amount or have GUARANTEED REPLACEMENT COVERAGE for the home.  You do not have to pay for insurance on the land value.  Ask us for the appraised value of the home and improvements, which will be available after we receive the appraisal.

DON'TS

1. DON'T change jobs/employers without inquiring about the impact this change would have on the approval/approvability of your mortgage loan.  The lender will always do a Verification of Employment with your current employer prior to FUNDING the loan (after you have signed the final loan documents at closing).
2. DON'T make major purchases during or prior to closing (i.e., new car, furniture, applicances, electronics) because this might impact your qualification ratios or necessary reserves.  Try to keep your asset balances -- at a minimum -- to the amounts disclosed to us at the time of application, unless you have received specific directions from us otherwise.  Please confer with us as soon as possible if you feel you to need to persue any of these changes prior to closing.
3. DON'T close or open or transfer any asset accounts without asking us about the proper documentation required for our loan file (i.e., if you transfer all the funds in your stock account to your savings account, documentation is required).  Also, please discuss with us ANY funds deposited into any asset accounts in excess of $500 that are not normal transactions (i.e., payroll, social security, direct deposits, etc.).
4. DON'T open, close, or increase any liability accounts, such as credit cards, signature loans, lines of credit, etc., during the loan process.  Please check with us for any documentation that will be required and what impact any of these changes might have on your loan approval.
5. DON'T plan to leave town around the closing date.  If you plan to be out of town when your loan is expected to close, you may assign a power-of-attorney to another individual who will sign on your behalf, or we will arrange to have closing documents mailed to you (although you will have to arrange for a notary to witness your signature when you sign).

ALSO, REMEMBER that funds for closing will be verified by the lender.  As well, closing funds will need to be wired to the title company at least ONE day prior to closing.