HOMEBUYING DOs and DON’Ts

     

    DO

    Contact your insurance agent early in the process and inform t hem of your new home purchase

    DON’T

    Apply for new credit of ANY kind. DO NOT finance anything!

    DO

    Promptly provide all documents (ALL PAGES) requested by your loan officer and processor to speed up your closing. (see financial documents)

    DON’T

    Make large deposits into your bank account. Your down payment should be seasoned.  (sitting in your account for a least 2 months)

    DO

    Make sure employment, assets, and personal information are correct on you loan application.

    DON’T

    Don’t have any inquiries made on your credit report.

    DO

    Be prepared to explain/account for all non-payroll deposits into each account you intend to use towards your transaction.

    DON’T

    Raise red flags to the Underwriters.   Don’t co-sign on another person’s loan or change your name or address.

    DO

    Respond to any requests for information from your loan officer as soon as possible.

    DON’T

    Make changes with your employment or income. DO NOT QUIT YOUR JOB!

    DO

    Continue to make all payments on time.

    DON’T

    Spend your down payment.

     

    Feel free to contact our team if you have any further questions.

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