1. Do Not change jobs - we
will veritfy your employment the day of closing.
2. Do Not change your pay
structure - we may need an additional pay stub.
3. Do Not apply for new
credit - we may have to pull credit again before closing and
inquiries can lower your score.
4. Do Not change your marital
status.
5. Do Not deposit any sums
into your bank that cannot be documented thoroughly - we may need
an additional printout prior to closing to show funds are available
or items have cleared.
6. Do Not dispute any items
on your credit - no disputes allowed on credit reports - even if
settled or paid.
7. Do Not charge up your
credit cards "getting ready for the new house"- this could lower
your credit score or increase your debt ratio.
8. Do Not let your driver's
licesense expire - the notary at the title company requires current
identification.
9. Do Not skip payments on
your current bills to "save up for the house" - including rent - we
might have to re-verify prior to closing.
10. Do Not spend money from
your checking account unless absolutely necessary - we may ask for
additional printouts from your bank to check funds.
11. Do Not make application
for other loans for another property - we check a system called
MERS which identifies any loans you have applied for.
12. Do Not put gift funds
into your account - check with your loan officer on the procedure
necessary.
Call our team first to get prequalified to ask questions; to be
sure your loan gets done right! We promise to take GREAT care of
you!