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DO's AND DON'Ts FOR A SMOOTH LOAN PROCESS:
DO's AND DON'Ts FOR A SMOOTH LOAN PROCESS:
DONT's
DO NOT quit your job. It’s important to show financial and employment stability.
DO NOT co-sign on a loan with anyone during the time of your mortgage process. Even if you won’t be the one making the payments, it can dramatically affect your approval.
DO NOT pay off collections prior to talking to your Loan Officer.
DO NOT make any large purchases during the loan process.
DO's
DO talk to a Loan Officer before depositing large sums of money into your bank accounts. Any large sum of money will be reviewed and you will more than likely need to document what and why.
DO return all requested documents and disclosures as quickly as possible. Have a sense of urgency during the loan process.
DO pay all your bills on time.
DO call your Loan Officer if you have ANY questions.
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