03/20/2024
I tell home buyers to follow these tips below so that the mortgage process is as seamless as possible. If you still have questions or want to start the application process, call me today at 843-450-6295.
Keep your mortgage application worry-free with these essential do's and don'ts.
- Maintain your employment. Even if it's for more money, consult with your loan officer before any job changes, as it can raise concerns about income stability.
- Monitor your credit, but don't open any new lines. New debts can
affect your debt-to-income ratio and credit score.
- Don't make any large purchases! Wait to buy the new furniture until after closing. Instead, save money for your down payment, closing costs, and moving expenses.
- Organize your financial docs for easy access during the loan process, and don't make any large unexplained deposits. They must be verified and sourced, which could delay your application.
- Finally, respond to your mortgage team promptly when information is requested, and don't be afraid to ask questions!
