Please Do:

Disclose All Debts
Provide a complete picture of your financial situation by being transparent about all debts, even those that may not appear on your credit report. This ensures accurate loan approval by helping your mortgage lender assess your true financial standing.

Submit Documentation Promptly
Return any requested documents within 24 hours. Timely submissions keep your mortgage application on track and demonstrate your commitment to securing your home loan.

Be Prepared for Multiple Documents
Expect to provide several documents, including tax returns, pay stubs, and bank statements. Knowing what’s needed and having these ready can help prevent processing delays.

Ask Questions
Don't hesitate to ask questions along the way. Understanding the mortgage process fully allows you to make informed decisions, and your mortgage advisor is here to ensure you feel confident from start to finish.

Notify Your Lender of Any Travel Plans
If you have any upcoming travel planned, especially within 30 days of closing, let your lender know. Being available during the final stages of the mortgage process is essential for a smooth closing.

Please Don’t:

Change Employment Status
Avoid changing jobs, pay structures, or becoming self-employed without consulting your mortgage advisor. Stability in employment is critical during the mortgage process, as lenders prefer consistency in your financial profile.

Make Large Purchases (e.g., a Car or Truck)
Hold off on big purchases, like buying a car or truck, as they can increase your debt-to-income ratio and potentially impact your loan eligibility.

Increase Credit Card Balances or Miss Payments
Maintain a strong credit profile by avoiding large credit card balances, late payments, or collection accounts. A dip in your credit score during the mortgage process can jeopardize your loan approval.

Use Funds Set Aside for Closing
Keep any money allocated for closing untouched. Spending this money can lead to a shortfall and delay your home purchase.

Co-Sign on Loans
Co-signing on a loan adds to your financial obligations, which can negatively affect your debt-to-income ratio and potentially hurt your mortgage approval chances.

Make Large Cash Deposits or Transfers
Lenders may scrutinize large, unexplained cash deposits or transfers. To avoid red flags, keep your finances stable and provide documentation for any significant transactions.

Open New Credit Accounts (e.g., for Appliances or Furniture)
Avoid opening new credit accounts before closing, as this can alter your credit profile and potentially affect your mortgage terms or approval.

Why These Guidelines Matter

Stability and transparency in your finances are essential for a smooth mortgage process. By following these dos and don’ts, you can protect your mortgage eligibility, maintain favorable loan terms, and avoid unnecessary delays, bringing you one step closer to realizing your dream of homeownership.