Things you should DO to help ensure an effortless loan process:
DO….
- Continue making your mortgage or rent payments as scheduled
- Stay current on all existing credit accounts
- Keep working at your current employer
- Continue living at your current residence
- Continue to keep your credit lines below 50% of their limits
- Call us if you have any questions or concerns, especially if any of the above changes.
DO NOT do these things or they can create delays with your loan approval:
DO NOT…
- Apply or finance a major purchase of any kind (no matter how small you may think it is)
- Apply for new credit cards (even if you think you are pre-approved or being offered “zero” interest)
- Open a new credit card
- Transfer any balances from one account to another
- Pay off charge offs without a discussion with us first
- Pay off collections without a discussion with us first
- Close any credit card accounts
- Change bank accounts
- Max out or over charge on your credit card accounts
- Consolidate your debt onto 1 or 2 credit cards
- Finance any elective medical procedure
- Open a new cellular phone account
- Pay off any loans or credit cards without discussing it with us
