SIMPLE TIPS

The following are three simple tips that can help you put yourself into better position to attain the best financing available.

STAY ON TOP OF YOUR CREDIT
As you already know, credit plays a large role in the interest rates and the pricing you will receive on your loan. The following are simple tips on how to maintain a good credit score:
	Keep your balance under 50% of our credit limits
	While shopping a loan over a long period of time, don't let each lender pull your credit report
	Don't open new trade lines (credit cards, car loans, personal loans, etc...) right before our mortgage lender pulls your credit
ORGANIZE YOUR PAPERWORK
For a full documentation loan, the lender will require documentation to support the income and assets listed on your loan application. We suggest you keep the following documents available when financing or refinancing a property.
	Last two years of Federal Tax Returns and W-2's
	Most recent two months of pay statements
	Most recent two monthly statements of bank, stock, retirement, etc...
	All pages of each statement will be needed

SEASONING RESERVES

Lenders require that your assets be verifiable with your most recent two months of account statements. If you keep large amounts of cash (or non verifiable funds via statements) on hand, it's best to put into one of your bank accounts at least two months prior to when you apply for a loan. This will allow for the funds to be counted towards your qualifying assets.