Mortgage Dos & Don’ts
Take the right steps towards buying your home with our helpful list of dos and don’ts.
Avoid falling in love with a house that may be outside of your budget.
Changing jobs slows down the loan process because we’ll need to verify new information.
You’ll have less cash and we need an updated pay stub just before closing.
If you receive cash tips, be sure our records match your bank deposits.
Don’t close any bank or retirement accounts or deposit hard-to-trace cash.
Be sure to preserve the money for your down payment and closing costs.
Now isn’t the time to open new credit cards, buy new cars, or make big purchases because it increases your debt-to-income ratio and reduces your cash reserves.
Hold on to personal property like an automobile or farm equipment. If you do sell your property, make sure you have a copy of the Bill of Sale and Certified Check. It’s a good idea to call us before you sell anything!