» DO continue to make payments on time
for current mortgages, cars, credit cards, etc.
» DO paper trail, document, and
explain any large or unusual deposits or withdrawals into accounts (checking,
savings, stock, etc.).
» DO keep pay stubs, bank statements,
tax forms, etc., in case the lender needs to update the documentation prior to
» DO ask questions if something is
unclear about the loan program, fees, and/or loan conditions.
» DO let the loan officer or mortgage
broker know if anything changes. For example; employment, income, assets,
credit history, etc.
» DO document that the earnest money
deposit has cleared your account — obtain a copy of the cancelled check and/or
the statement that reflects the funds have cleared.
» DO lock-in the interest rate, have homeowner’s
insurance agent information available and provide updated documentation (pay
stubs, bank statements, etc.) in a timely manner so as not to delay the