Create An Account
 Welcome to the Blog

2018-04-28 16:55:28
The Do’s and Don’ts of the Home Loan Process

Do get pre-approved for a mortgage loan before looking at homes.


Do shop around to get the best interest rate AND deal on closing costs (but do so within a two week window to avoid having the multiple credit pulls negatively affect your credit score).


Do have a two year employment history before applying for a mortgage.


Do pay all your current bills and loan payments on time.


Do keep a paper trial.


Do continue to use your credit cards as you normally would (unless otherwise instructed by your lender).


Do provide your lender with any requested info/documentation in a timely manner to avoid any delays in processing your mortgage loan.  


Do promptly tell your lender if any of the info you’ve provided changes.


Do provide Earnest Money from your own personal bank account.


Don’t apply for any new lines of credit (sorry, that means you can’t finance furniture for your the new place).

Don’t pay off any loans or close any credit accounts without first discussing it with your loan officer.


Don’t change jobs without first discussing the impact it will have on your home loan your your lender.


Don’t make any major purchases (appliances, car etc).


Don’t transfer money from one of your accounts to another without first discussing it with your lender, as this can delay your mortgage loan processing.


Don’t make any large deposits or withdrawals without first discussing it with your lender to decide what documentation will be necessary.


Don’t make any cash transactions if possible. Since cash is hard to trace this could delay your processing or require documentation.


Don’t consolidate your debt without first consulting your mortgage officer (this can throw off your debt to income ratio).


Blog Archive
2018-04-28 16:55:28
The Do’s and Don’ts of the Home Loan Process

2018-04-12 21:06:19
5 Ways to Improve Your Home Security on a Budget 

2018-03-28 21:40:12
15 Hacks to take the Stress out of Moving

2018-02-14 16:27:56

2017-06-28 22:15:17
Why Hire A Real Estate TEAM?

2017-05-17 13:49:16
The Ultimate Guide to Title Insurance

2017-04-26 10:40:25
What Every Buyer Needs to Know about Inspections

2017-04-12 15:18:48
The Dangers of Over-Improving a Home

2017-03-27 20:12:19
3 Home Buying Pitfalls You'll Want to Avoid

2016-12-08 11:42:19
3 Common Home Buying Myths

Comment on this Article

Your Name:
Your Email:
Verify:  Please enter the numbers shown to help eliminate spam.