Hi {first_name},

I just wanted to check back in with you and see if you have any questions about the home buying process as it relates to a pre-approval? I also wanted to share another tip with you as you continue your home search.

Don't Move Money Around!

Sometimes clients would like to move money from multiple accounts and in to one or two accounts in order to make it easier to bring the money to settlement. This is usually acceptable and sometimes necessary, but moving money from one account to another will require additional documentation from you.

The requirements for a mortgage loan, whether it be conventional, FHA or jumbo, is that all money used for the purchase or reserves, must be verified and the sources of it verified for the trailing 60 days. So, if you have a transfer from one of your bank accounts to another, then we will need to 60 days worth of statements for both accounts.

As always, I recommend that we have a discussion about the timing of things so that we can reduce or eliminate the need for additional documentation requirements.

If you have any further questions don’t hesitate to give me a call.

Thank you,
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