North State Bank Sales Support Collateral as of June 2025

Keeping Your Mortgage On Track

While securing a mortgage loan, it is important to “freeze frame” your ! nancial situation as much as possible. From application submission through closing day, keep these best practices in mind: Best Practices: A Few Do’s and Don’ts

Don’t: • Make a major purchase (car, land, recreational vehicle, etc.). If you lease a vehicle, don’t trade up to a bigger lease. • Apply for new credit of any kind, including a store credit card or student loan. • Make any large credit purchases—even for items needed or desired for your new home, such as appliances and furniture. • Change employment. If it is unavoidable, make sure you talk to your mortgage loan o ! cer. Employment changes that involve a change in " eld or where your income will be reduced or become commission-based may cause a red # ag. • Deposit funds into your bank account that are not easily documented. If you are receiving funds as a gift, you will likely be required to provide a signed letter from the per son providing the gift in addition to other documentation. • Transfer money between your bank accounts. The goal is for your " nancial picture to remain as consistent as possible. • Get behind on bills. One 30-day late payment on a credit card can cost up to 110 points on your credit score. • Change banks or bank accounts. • Consolidate debt. • Borrow money, even from non-bank sources, such as a family member or friend. • Co-sign a loan for another borrower. • Close credit card accounts or increase/decrease credit lines. Virtually any change to credit lines, even those that you perceive to be positive, can have a negative impact on your credit score.

Do: • Make your existing mortgage or rent payment on time and in full. • Keep all accounts current. Pay your bills and commitments on time, including child support, car loans, student loans, credit/store cards, utilities, phone service and cable. • Use credit cards as you normally would. If you rarely use credit cards, maintain a low activity level. If you typically use credit cards for daily/weekly expenses, keep the same pattern of usage. • Talk to your mortgage loan o ! cer if you are considering any decisions that will impact your " nancial picture—no matter how large or small. What may seem like a minor decision, could have big implications.

Sean Nock Senior Vice President Community Mortgage Manager Southeast Raleigh NMLS#659112 919.645.2756 (0) • 919.614.9178 (M) SNock@NorthStateBank.com