Important Tips During the Loan Process

Posted on | May 25, 2016


After you’ve selected your home, made your offer, and are waiting for the next steps, here are some important reminders to ensure your loan will continue to progress smoothly:

  • Continue working at the job shown on your loan application.
  • Wait to make any large purchases until after the deal is done. (No new cars, furniture, appliances, etc.)
  • Make all current loan or credit payments on time.
  • Keep your down payment money ear marked for your purchase.
  • Don’t check your credit score for any other purchases.
  • If you make any large deposits, make sure you have a detailed explanation for the source of funds.
  • Avoid switching banks or moving your money to a different bank account.



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This content is provided for informational purposes only and is not to be construed as legal, financial, or real estate advice.



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