Hi {first_name},

We're back with another mortgage financing tip.

Our approach to working with you as a mortgage client is to provide as much education and details about the process so that you can make the proper decisions about loan programs and the loan that is best for you. We are here anytime you have a question for need more details.

We also have a couple more informative emails related to mortgage rates and homes/property coming your way so stay tuned for those emails.

Don’t Make Large Deposits.

I recommend that you contact me if you have a large deposit to make. This is usually acceptable and sometimes necessary, but making a large deposit will require additional documentation from you. You may recall from our past emails, that all money used for your home purchase must be verified and the money must be from an acceptable source. In other words, the money must be yours!

Sometimes customers are owed cash from a friend or relative or you sell a large item and receive cash for it etc. if this is the case, I recommend we discuss the details. For example, if you sell your antique sewing machine for $1,500 and deposit the money, make sure you print out a copy of the advertisement and write up a bill of sale... this can be an acceptable source. However, if your relative is paying you back for the $2,000 in cash they borrowed last year and they are returning it to you in cash, this will be hard to prove the source without documentation like a notarized and signed note for the loan. The big take-away here is- Let's discuss these things before they take place!

We hope that you have enjoyed and learned a lot from these emails but let’s not stop here let’s discuss any questions that you might have.

Thank you,