• If you are salaried: provide two years W-2 and one month of paystubs
• if you are self-employed: provide two years tax returns and a YTD profit and loss statement.
• If you wish to speed up the approval process, please also provide two months bank statements for each bank, stock and mutual fund accounts.
• A copy of your property survey
• Your homeowners insurance information
• Current mortgage company information
• The income documentation will not be required on "Stated Income" or "alternate documenation" loans

There may be other additional requirements such as a divorce decree, if applicable, which may be needed later in the loan process, the list above is typically what we ask from our customers to be returned to us with the initial disclosure package.

When buying a house, you may get pre-qualified or pre-approved. You can typically get pre-qualified over the phone or on the Internet in a few minutes. A pre-qualification is not as beneficial as a pre-approval where you have to go through a more rigorous process which includes verification of your credit, income, assets and liabilities. It is highly recommended that you get pre-approved before you start looking for a house.

1. Fill out the loan application completely.
2. Respond promptly to any requests for additional documents. This is especially critical if your rate is locked or if you plan to close by a certain date.
3. Do not make any major purchases. Do not buy a car, furniture or another house till your loan is closed. Anything that causes your debts to increase might have an adverse affect on your current application.
4. Do not move money into your bank accounts unless it can be traced. If you are receiving money from friends, family or other relatives, please contact us.
5. Bring a cashiers check for your down payment and closing costs if required. Personal checks are normally not accepted.
6. Review the final loan documents. Make sure that the interest rate and loan terms are what you were promised. Also, verify that the name and address on the loan documents are accurate.
7. The State of Texas requires a 12 day "cooling off period" before any home equity loan can close
8. The State of Texas also requires that all customers review the HUD-1 (settlement statement) 24 hours prior to signing your loan documents.
9. On refinance and home equity loan transactions federal law requires that you have 3 days to review the documents before your loan transaction can close on any owner occupied transactions.

Approximately 95% of my customers are approved via on-line underwriting. That means that there is no questions as to whether or not your loan is approved. I use all of the latest technology available to make certain your loan closes smoothly. The important issue about automated underwriting is that the information submitted must be accurate, that simply means that I need correct information in order to process your loan properly and quickly. Once the automated approval is obtained it is simply a matter of supplying the substantiating documentation to the lender for verification. The only "real issues" that can come up to delay or impede the final closing is any one of the following:

• The property value is not supported
• The income documentation does not support what was used for the approval
• A loss of income or job during the process - lenders can/will verify employement before drawing documents to close your loan
• Undisclosed or new debts incurred during the process
• Undisclosed or other liens that are on the subject property

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