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Acceptable Funds

One of the most annoying components of the Mortgage Paperwork is documenting and sourcing assets. All funds for the loan – including the Earnest Money, Down Payment, Asset Reserves, and Closing Costs – will be required to be documented and sourced. Acceptable Funds To be considered “acceptable funds” the money must be yours and accessible. Here […]

Do's and Don'ts with Dallas Top Mortgage Lender

DO’s and DON’Ts

We’ll be honest – we mostly have “DON’Ts” when applying for a home loan and they’re extremely important.  Please take the time to read the details below and let us know if you have any questions. Oddly enough these are some of the most common reasons for undue stress in the 11th hour and a […]

Closing On A Mortgage Home Loan Top Mortgage Broker near Dallas Texas 200

Closing Details

Congratulations on getting this far in the Loan Process: closing is near {insert high-pitched excitement squeal here}. Below are the details of what you need to know for when you show up to sign your closing documents. Please review these items carefully as there are “pitfalls” that can potentially delay closing if you’re not careful. Obviously […]

Pre Closing Best Mortgage Originator Dallas Texas

Initial Underwriting Approval

Congratulations ~ your loan is approved and closing is coming soon! At this point we cannot change any details of your financing without causing a delay, AND we’re assuming you haven’t done any of the “don’ts” covered in our Do’s and Don’ts. The Processor will be reaching out to you via email if any additional […]

Gift Funds Documentation Best Mortgage Loan Officer in Dallas Texas

Gift Funds

Gift Funds First and foremost, please let us know if any of the funds will be a gift so we can help you with the paperwork. A “gift” is considered any money that belongs to a person that is not applying for the loan. Note: money that has been seasoned in a bank account longer than 90 days is “seasoned” […]