Dos and Donts

The smoother the loan process, the more enjoyable it is for everyone involved. Follow this list of Do’s and Don’ts to avoid common loan hurdles.

Document large deposits or withdrawals with receipts and bank statements on anything more than 50 percent of your monthly pay.
Limit the number of transfers of funds and keep clear records for any transfers you do make
Limit the number of credit inquiries while in process, as multiple inquiries can affect your credit
Minimize spending that could affect your debt-to-income ratio
Make your payments on time for all existing accounts and financial obligations
Respond promptly to any questions from your loan team
Provide requested documentation in a timely fashion
Notify us if you plan to leave town mid-process
Provide the most current and accurate information on all documents and paperwork
Contact your insurance agent or company to notify them of any changes
Refer us to any friends, family or coworkers while we are working on your loan. We are never too busy for your referrals, they are the lifeblood of our business.

Don’t make any changes to your income or employment during your loan process
Don’t make any large financial decisions without consulting with us first so we can make sure it won’t affect your loan approval
Don’t provide your social security number to anyone that is not part of your loan team
Don’t close any credit cards or pay off any additional debt without consulting us first
Don’t worry! We do this all day, every day, and we have your best interest at heart. Our loan teams work hard so you don’t have to.