Do’s and Don’ts

Do's and Don'ts

Throughout the loan process, your loan officer will handle most of the heavy lifting along with everyone else involved. However,  there are a fair amount of best practices you can take advantage of in order to make sure the approval process and closing take place without undue trouble. Check out the list of Do's and Don'ts we've assembled below, so you're best set up for success. And like always, feel free to contact us for a free consultation. We'd be happy to answer any questions pertaining to your specific needs.

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  • Get pre-approved.
  • Keep all bank records, pay stubs and other financial paperwork on file.
  • Notify your loan officer of any changes in employment.
  • Continue making payments on all loans and credit cards.
  • Monitor your credit score for any changes.
  • Notify your loan officer of any changes of residency.
  • Start saving money for closing costs.
  • Set up homeowners insurance.
  • Keep your credit card balances low.
  • Notify your loan officer of any significant life changes.
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  • Try to buy outside your means.
  • Extend lines of credit.
  • Apply for new lines of credit.
  • Transfer money without adequate documentation.
  • Change your legal name.
  • Get a new job or employer.
  • Take unpaid time off.
  • Change any financial documents.
  • Close any revolving credit accounts.
  • Take a vacation before closing.

Now that you've taken your first steps toward home ownership or refinancing, learn what comes next with our step-by-step walkthrough.

Whether you're looking to buy, refinance or consolidate, the amount of options available to consumers today is broad. Learn more here.

From improving your credit score to getting the best price on your new home, you can take advantage of the financial information we offer on our blog.