GENERAL TIPS

• Don't make any adjustments to your employment status. This means, don't change your employer, role, or compensation structure. If in doubt, call us!
• Don't make any adjustments to your debt load. If you're thinking about doing anything that would result in more debt, call us!
• Call us before adding your spouse, parent(s), or friend(s) to your purchase, unless they are already included in your pre-approval.
• When saving for down payment, don't move your money around unnecessarily! See "Down Payment Tips" below for further details.
• Let us know when you're going to look at a property so we can preview the listing for any potential red flags. See "Property Tips" below for more details.

DOWN PAYMENT TIPS

Don't move your money around between accounts unnecessarily!

To remain compliant with Anti-Money Laundering regulations, lenders must verify all funds being used for your deposit and down payment. This means a three month history of funds are required to be provided. If your money has moved around between accounts, this means more paperwork will be required! More info HERE.

Any large deposits that cannot be correlated as pay deposits from pay stubs may require further documentation.

PROPERTY TIPS

While you have been approved as a borrower, the next big hurdle is having your home approved too.

Be sure to let us know what properties you're interested in so we can take an initial look at the listing. Red flags for lenders can include: non-cosmetic repairs, title issues, unique utilities, uncommon property features, etc.

If you've been pre-approved to purchase a detached home, this does not mean the same interest rates, payments, and approval will be applicable to a mobile/modular home, condo, or raw land. Be sure to let us know if you start looking at different dwelling types!

BUILD YOUR TEAM

This is a great time to put together 'your team'. If you need any help, we have lots of trusted professionals we can recommend!

• Accountant
• REALTOR®
• Solicitor / Notary
• Financial Planner / Life Insurance Broker
• Home Insurance Broker