Mortgage Do's And Don'ts

Mortgages can be tricky, and it's easy to make mistakes that can end up costing you dearly. That's why we've put together this list of Mortgage Do's and Do not's to help you navigate the process with ease - and a little bit of humor.

DO: Shop around for the best mortgage rates

DON'T: Assume your bank will give you the best rate just because you have a checking account there. Remember, loyalty is a two-way street.

DO: Have a budget in mind

DON'T: Get in over your head. Just because you can technically afford a million-dollar mansion doesn't mean you should buy one. You don't want to be house-poor and unable to afford groceries.

DO: Get pre-approved before house-hunting
.

DON'T: Assume you'll be approved for a mortgage just because you have good credit. Pre-approval is important because it gives you a better idea of how much house you can afford and shows sellers that you're serious.

DO: Consider your future plans

.
DON'T: Assume you'll live in your new house forever. Life happens, and you may need to sell sooner than you think. Make sure you're not getting into a mortgage that you can't realistically afford if you need to move in a few years.

DO: Get pre-approved before house-hunting
.

DO: Consider your future plans

DO: Read the fine print

DON'T: Sign on the dotted line without reading the terms and conditions. There may be hidden fees or clauses that could come back to haunt you later.

DO: Be prepared for unexpected expenses

DON'T: Assume everything will go smoothly. There may be unforeseen expenses, like a leaky roof or a broken furnace, that can quickly drain your savings. Be sure to budget for these types of surprises.

DO: Read the fine print

DON'T: Sign on the dotted line without reading the terms and conditions. There may be hidden fees or clauses that could come back to haunt you later.

DO: Be prepared for unexpected expenses

DO: Have a good sense of humor

DON'T: Take everything too seriously. Yes, buying a house and getting a mortgage can be stressful, but try to find the humor in the situation. After all, laughter is the best medicine for a stressful day.

By following these Mortgage Do's and Do not's, you'll be well on your way to successfully navigating the mortgage process - with a smile on your face. Good luck, and happy house hunting!

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🏆 High-Income Earners: Using Bonuses & RSUs to Qualify for a Home Loan 💳

💼 Executive Buyers: How RSUs & Bonuses Can Unlock Mortgage Approval 🏠

Bill Rapp, Commercial Mortgage Broker

June 23, 2025•2 min read

💼 Executive Buyers: How RSUs & Bonuses Can Unlock Mortgage Approval 🏠

🏆 High-Income Earners: Using Bonuses & RSUs to Qualify for a Home Loan 💳

💼 Executive Buyers: How to Use RSUs and Bonuses for Mortgage Approval

In today’s competitive housing market, high-income professionals—especially those in tech, finance, and executive leadership—often rely on more than just base salary to qualify for a mortgage. Restricted Stock Units (RSUs), performance bonuses, and commission income can make or break a mortgage application. But how lenders view these forms of compensation isn’t always straightforward.

Let’s break it down so you can turn your full compensation package into real buying power.

🧾 What Are RSUs and Bonuses?

Restricted Stock Units (RSUs) are shares of company stock granted to employees as part of their compensation, typically vesting over time.
Bonuses can be quarterly, annual, or performance-based cash payouts.

Both are valuable—but only if you can prove their consistency to a lender.

🏦 How Lenders View Non-Base Income

Lenders love stability. While your bonus or RSU value may be impressive, lenders want to see a history of receipt and reasonable expectation of continuance. Here’s how most underwriters evaluate these income types:

✅ Bonuses: Typically, lenders require a two-year average of bonus income.
✅ RSUs: At least 12–24 months of vesting history, plus proof of future vesting.

Lenders often discount RSU income if it's front-loaded or declining, so make sure your pay stubs and offer letters tell a strong story.

💡 Tips to Get Approved Using RSUs & Bonuses

1. Provide Full Documentation
Include:

· W-2s (last 2 years)

· Pay stubs showing RSU/bonus payouts

· Vesting schedules

· Employer verification or compensation letters

2. Choose the Right Loan Program
Not all mortgage lenders evaluate RSUs or bonuses the same way. Some jumbo loan programs are designed with executive compensation in mind.

3. Work With a Mortgage Broker Who Understands Executive Pay
At Medallion Mortgage, we work with underwriters who get complex income. Whether you’re a VP of Sales or a Senior Engineer at a startup, we’ll match you with a lender that values your full earnings.

🏁 Bottom Line

Your full compensation package could put you in a better position to buy than you think. But don’t risk a denial because of a lender who doesn’t understand RSUs or bonuses.

📲 Let’s connect and review your full income profile. You might qualify for more than you think.

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Bill Rapp - Commercial & Residential Mortgage Broker

Whether you're a first-time homebuyer, a seasoned investor, or a business owner with ambitious plans, securing the right financing is crucial. At Medallion Funds, we take the guesswork out of mortgages, offering a comprehensive suite of residential and commercial loan options to fit your unique needs. Looking for Your Dream Home? We understand the excitement and challenges of navigating the residential real estate market. Our experienced mortgage brokers will guide you through every step, from pre-qualification to closing. We offer a variety of loan programs to suit your financial situation, including: • Fixed-rate mortgages: Offering stability with predictable monthly payments. • Adjustable-rate mortgages (ARMs): Providing competitive rates for a set period. • FHA loans: Making homeownership accessible with lower down payments. • VA loans: Rewarding veterans with attractive rates and flexible terms. Investing in Your Business Future? Growth often requires capital, and we can help you unlock the potential of your commercial property. Our brokers specialize in a wide range of commercial loan options, including: • Purchase loans: Financing the acquisition of new buildings or land. • Construction loans: Facilitating the development of your project. • Refinance loans: Restructuring your existing mortgage for better terms. • SBA loans: Providing access to government-backed financing for qualified businesses. The Medallion Funds Difference: We go beyond simply finding a loan. We take the time to understand your goals and develop a personalized strategy. Here's what sets us apart: • Expertise: Our brokers have a deep understanding of both residential and commercial lending. • Competitive Rates: We leverage our strong lender relationships to secure the best possible terms. • Streamlined Process: We handle the paperwork, keeping you informed every step of the way. • Exceptional Service: We're committed to providing you with a positive and stress-free experience. Ready to Take the First Step? Contact Medallion Funds today for a free consultation. Let's discuss your financing needs and help you achieve your dreams!

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