This document provides information and guidance for homeowners preparing mortgage documents and going through the loan process. It outlines the initial documents that will need to be signed, such as tax transcript request forms, credit authorization forms, and deposit request forms. It also lists the types of personal documentation needed, including pay stubs, tax returns, bank statements, and details on verifying funds and reserves. Helpful tips are provided on common topics like credit, funds to close, reserve requirements, signing closing papers, and financing program options.

1. YOUR MORTGAGE MATTERS KRISTIN KEMP HOME MORTGAGE CONSULTANT kkemp@wellsfargo.com

2. PREPARING Preparing and finding your documents in advance will help assist in getting your file completed in a more efficient timeframe. Understand that often times additional documentation will be requested from you during the process. Sometimes these items will seem unreasonable. It is completely acceptable to question the necessity of these items.

3. THE INITIAL DOCUMENTS YOU WILL BE SIGNING SOME PAPERS TO GIVE PERMISSION TO WORK ON YOUR APPLICATION T4506 – TAX TRANSCRIPT REQUEST FORM – ALLOWS THE LENDER TO VERIFY YOUR TAX RETURNS, AND INCOME CERTIFICATION AND AUTHORIZATION – ALLOWS THE LENDER TO PULL YOUR CREDIT REPORT AND VERIFY YOUR EMPLOYMENT AND OTHER VERIFICATION ITEMS THAT MAY BE NECESSARY DEPOSIT REQUEST CHARGE FORM – THE INITIAL UP FRONT COST IS $500. THIS DEPOSIT IS USED TO PAY FOR EXPENSES INCURRED BY THE LENDER. ALL OR PART OF THIS DEPOSIT CAN BE REFUNDED IF IT HAS NOT BEEN USED FOR ITEMS THAT HAVE COSTS ASSOCIATED WITH GETTING YOUR LOAN.

5. TO FAX OR SCAN, OR MAIL? FAXING TO MY EFAX IS BOTH SAFE AND EFFICIENT FOR TIME 1-877-302-6767 SCANNING TO MY EMAIL IS ALSO SAFE AND TIME EFFICIENT KKEMP@WELLSFARGO.COM REGULAR MAIL IS ACCEPTABLE AS WELL BUT WILL BE SLOWER 5100 SW MACADAM AVE. STE. 550 PORTLAND, OR 97239

7. HELPFUL INFORMATION THE NEXT FEW PAGES ATTEMPT TO ANSWER SOME COMMON QUESTIONS THAT MAY ARRISE FOR YOU DURING THIS PROCESS

8. CREDIT THERE ARE THREE BUREAUS THAT REPORT YOUR CREDIT. WE WILL COLLECT THE REPORTS FROM ALL THREE BUREAUS THE BORROWER WITH THE LOWEST MIDDLE SCORE WILL BE THE SCORE THE LENDER USES TO DETERMINE YOUR CREDIT WORTHINESS OFTEN TIMES “DINGS” ON YOUR CREDIT CAN BE EASILY EXPLAINED WITH A LETTER FROM YOU REGARDING THE EVENTS THAT TOOK PLACE

11. SIGNING YOUR CLOSING PAPERS THE CLOSING DATE AND THE DAY YOU SIGN YOUR PAPERS ARE DIFFERENT LOAN PAPERS SHOULD BE AT CLOSING AT LEAST 2-3 DAYS BEFORE YOUR CLOSING DATE YOU WILL WANT TO SIGN YOUR PAPERS BEFORE THE CLOSING DATE IN ORDER TO MAKE SURE THE LOAN CLOSES ON YOUR AGREED UPON CLOSING DATE

12. PROGRAM OPTIONS CONVENTIONAL FINANCING – 5% OR MORE AVAILABLE FOR DOWN PAYMENT – FIXED TERM AND ARM PRODUCTS AVAILABLE FHA – 3.5% MINIMUM DOWN PAYMENT – FIXED TERM PRODUCTS AND ARM PRODUCTS AVAILABLE VA LOANS – ZERO DOWN OPTION JUMBO – 10% OR MORE AVAILABLE FOR DOWN PAYMENT PORTFOLIO PRODUCTS – SPECIAL CIRCUMSTANCE LOANS REVIEWED ON A CASE BY CASE

13. KRISTIN KEMPHOME MORTGAGE CONSULTANTDIRECT: 503-946-1110efax: 1-877-302-67675100 SW MACADAM AVE. STE. 550PORTLAND, OR 97232kkemp@wellsfargo.comVisit my home page onlineJoin me on FACEBOOK