The Do's & Don'ts
A LIST OF HELPFUL TIPS
Whether you're purchasing or refinancing, here are a few important things to know. Please
feel free to call any member of Jolene Moore's Team with any questions.
DO, Save, and Provide
* Continue making your mortgage or rent payments and stay current on all credit accounts
* Most current pay stubs covering the last 30 days, last 2 years federal tax returns (all pages, all
schedules), 2 years W-2s/1099s and other income documentation
* Most recent asset statements including bank, brokerage, mutual funds, and retirement
* Include all types of income including base pay, overtime, bonuses, retirement, child/spousal
support
* A complete 2 year residence and employment history
* Keep documentation for all non-payroll deposits
* Gift fund documentation including proof of donor's ability to gift, gift letter, copy of gift check
and proof of gift deposit
* Divorce decree, separation agreement, property settlement agreement, if applicable
* Copy of current lease and mortgage statements on any investment properties
* Original Green Certificate of Eligibility for VA loans
* Copy of DD 214 or Statement of Service from your commanding officer (stating that you are in
good standing) for VA loans
* Know that funds for closing need to be a certified check or wire
DON'T Before or During the Loan Process
* Open any new credit cards or increase credit card balances
* Close any credit card accounts
* Dispute or close any items on your credit report
* Forget to make your payments on time
* Take any credit card advances
* Make unnecessary banking transfers
* Make any major purchases such as a car, boat. furniture, jewelry, etc.
* Start new home improvements projects until after closing