Loan Do's & Don'ts - Get APPROVED!

I work with a couple of great mortgage bankers on frequent deals. Recently one of these mortgage bankers and I had one of our deals go "BUST" because our mutual client made a couple of mistakes while their loan was being processed. As we were sitting around crying in our soup about our lost deal we decided to make a list of loan "do's & don'ts" for our clients. Well what I really mean is she made the list while I stirred our tears soup.

So without further ado here is the list of loan do's and don'ts if you are buying a home.

THE DO'S AND DON'T'S WHILE YOUR LOAN IS IN PROCESS

• PLEASE DO NOT HAVE ANY LATE PAYMENTS ON ANY ACCOUNTS.
• PLEASE DO NOT CHANGE JOBS( IF YOU ARE LAID OFF, BE SURE YOU STAY IN THE SAME LINE OF WORK) AND NOTIFY US IMMEDIATELY.
• PLEASE DO NOT LET ANYONE PULL YOUR CREDIT REPORT.
• PLEASE DO NOT OPEN ANY NEW ACCOUNTS(CARS, CREDIT CARDS, FURNITURE, ETC.)
• PLEASE DO NOT RUN UP ANY CHARGES ON THE CREDIT CARDS THAT YOU CURRENTLY HAVE.
• PLEASE DO NOT MAKE ANY LARGE DEPOSITS IN YOUR BANK ACCOUNT WITHOUT PROPER DOCUMENTING THE PROOF OF WHERE IT CAME FROM, WITH A PAPER TRAIL.
• PLEASE DO SAVE ALL PAYCHECK STUBS AND BANK STATEMENTS UNTIL THE CLOSING OF YOUR HOME.
• PLEASE DO CONTACT YOUR INSURANCE AGENT CONCERNING YOUR HOMEOWNERS INSURANCE AND CONTACT US WITH YOUR INSURANCE INFORMATION.
• PLEASE DO CONTACT YOUR LOAN OFFICER IF YOU HAVE ANY QUESTIONS CONCERNING THIS INFORMATION AND/OR YOUR LOAN

Oh and by the way if you need a great loan officer Valerie is always there to help. Here is a link to her website.

Great Mortgage Loan Officer

I hope you have a great day!!

Ron

www.ronwickes.com

www.lakeconroeconsulting.com