Posts Tagged ‘loan process dos and don’ts’


10 Home Loan Dos and Don’ts When Obtaining a Mortgage

Monday, March 20th, 2017

10 Dos And Don'ts When Obtaining A Home Loan

These Top 10 Dos and Don’ts can greatly impact your ability to qualify for a home loan or close on time. It is critical you follow these ten things to help ensure your home loan process goes smoothly.

  1. Don’t apply for new credit or make major credit purchases
  2. Don’t close or max out credit cards AND stay current on payments
  3. Don’t change jobs
  4. Don’t switch banks, move your money around, or deposit large amounts of cash or non-payroll checks into your bank account
  5. Don’t leave town for an extended period during escrow
  6. Do keep a paper trail for charge offs and/or collection payoffs
  7. Do keep a paper trail for all non-payroll deposits into your bank accounts
  8. Do wire gift funds directly to the escrow company
  9. Do advise your Mortgage Loan Originator of any debts not reporting on your credit report
  10. Do call your VITEK Mortgage Loan Originator if you have questions!

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