Page 23 - Your Home-Buying Packet:

AT YOUR SERVICE
CONGRATS! YOU'RE Follow these tips to
APPROVED FOR A LOAN! protect your loan.
FINANCING DO: DO NOT:

YOUR FUTURE ✓ Notify your lender of any ✘ Make large purchases using

address change, whether existing credit without first
HOME it's your home address or talking to your lender
another listed on your
application ✘ Apply for or acquire any
additional lines of credit
HOME LOANS AT ✓ Notify your lender of any
A GLANCE salary or wage changes ✘ Pay off, transfer, or close
credit balances unless your
Get pre-approved
for your loan ✓ Be prepared to provide proof lender instructs you to do so
of significant bank deposits
Apply for a Change jobs without
mortgage ✘
✓ Acquire homeowner's first talking to your lender
Get your home insurance immediately after
appraised
going under contract ✘ Co-sign for another person

Your loan goes seeking to obtain a line of
through ✓ Keep all forms of debt paid credit or to make a purchase
and in check

underwriting ✘ Pay off collections before
You're cleared conferring with your lender
to close!

HAVE-ON-HAND

A month's worth of your most Last three months of bank Divorce/separation
recent pay stubs statements decree

Copies of your federal tax returns A copy of your real estate Child support papers
and W-2’s from the last two years agreement
Bankruptcy, discharge
The names and addresses of your The names and addresses of of bankruptcy papers
employers over the last two years, your landlords over the past
compiled into one list two years