Before you can go out looking for the home of your dreams, it is important that you qualify for a loan. We know that the loan process can be confusing, so we put together these videos to help you understand the process.
Step 1 - Documentation
Step 2 - Appraisal
Step 3 - Underwriting
Step 4 - Clear to Close
Step 5 - Congratulations
Do‘s and Don’ts
Do's and Don'ts
Here is a list of useful tips to ensure an effortless loan process. These DO's and DON'Ts will help you avoid any delays and costly challenges with your loan approval.
DO call us if you have any questions.
DO provide requested documentation promptly and in its entirety.
DO continue living at your current residence.
DO continue making your mortgage or rent payments.
DO continue to use your credit as normal.
DO keep working at your current employer.
DO keep your same insurance company.
DO stay current on all existing accounts.
DON’T change your employment or marital status.
DON’T make any major purchases (car, furniture, jewelry, etc.).
DON’T change bank accounts.
DON’T make any large cash deposits into your bank accounts.
DON’T transfer any balances from one account to another.
DON’T close any credit card accounts.
DON’T consolidate your debt onto one or two credit cards.
DON’T apply for new credit or open a new credit card.
DON’T max out or overcharge on your credit card accounts.
DON’T take out a new loan or co-sign on a loan.
DON’T pay off any loans or credit cards, charge offs, or collections without discussing it with us first.
DON’T finance any elective medical procedure.
DON’T join a new fitness club.
DON’T open a new cellular phone account.
DON’T start any home improvement projects.
DON’T have your credit pulled or dispute any information on your credit report.