These dos and don’ts will help avoid any delays with your loan approval.
DO continue making your mortgage/rent payments on time.
DO stay current on all existing accounts, even if you are paying them off.
DO continue to work for the same employer.
DO continue to use the same insurance company.
DO continue living in your current residence.
DO continue to use your credit cards as normal.
DO call us if you have any questions.
DON’T make any major purchases (car, boat, furniture, jewelry, etc.).
DON’T apply for new credit, even if you are pre-approved.
DON’T open a new credit card.
DON’T transfer any balances between accounts.
DON’T pay off any collections or accounts.
DON’T close any credit card accounts.
DON’T change bank accounts or banks.
DON’T max out or overcharge your credit cards.
DON’T consolidate your debt onto fewer credit accounts.
DON’T take out a new loan.
DON’T start any home improvement projects.
DON’T finance any elective medical procedures.
DON’T co-sign a loan for anyone else.
DON’T deposit cash into your bank accounts.
If you encounter a special situation or have questions it is best to consult with us prior to making any final decision so we can help you determine the best way to handle it in order to achieve all of your goals.