The Do’s & Don’ts in the Loan Process

The following are some very important reminders of “Do’s and Don’ts” while you are in the process of procuring a mortgage.

Please Do

  • Remember that we must run your credit at loan closing to show no new debts have been incurred
  • Keep a paper trail of any large deposits to your bank accounts
  • Maintain your current employment and number of hours worked- what we have used to qualify you for your new loan
  • Remember that your employment will be checked on the day of loan closing and any change could result in your loan being delayed or denied
  • Know that we want to work with you and make your mortgage happen as smoothly and painlessly as possible

Please Don’t

  • Open ANY new credit, for yourself or as a co-signer
  • Close ANY open lines of credit (this could affect your credit score)
  • Make any new major purchases (you could deplete your cash assets)
  • Pay off all debt (every move you make with your money may have an impact on your loan qualification)
  • Increase your existing loan balances
  • Spend ANY of the funds you have said you will retain for down payment and reserves
  • Allow your credit to be checked by any other creditor
  • Make ANY large deposits to your asset accounts that cannot be traced
  • Change jobs
  • Ignore your lender requests

Step 1. Get Pre-Approved.

How Does Pre-Approval Work?

Getting pre-approved is as easy as 1-2-3!

1. Create an Account

Creating an account is fast, easy, secure and FREE! Your account enables you to easily modify your loan application and view the status of your loan anytime day or night.

2. Submit Information

When you register for a Loan Center account, you can submit a loan application online and the sensitive information that you provide will be transmitted securely.

3. Get Pre-Approved

Kick your feet up while we crunch the numbers. Pre-approval can be done very quickly if you provide a complete and accurate loan application and supporting documentation.

You have questions? We have answers.
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