TO AVOID DURING THE
APPLICATION & APPROVAL PROCESS
Not Change Jobs
Changing jobs before or during the loan process can create problems
in qualifying for a loan. If the new job is in a different line
of work or pays lower, it may influence the outcome of your approval.
Not Switch Banks or Move Money Around
It is best to leave your money right where it is until your loan
is closed. Moving your money to a new bank or even to a new account
can make it difficult to the verification process.
Not Pay Off Random Bills
Your Loan Officer will advise you as to whether it is necessary
to pay off bills in order to qualify. They will also show you
the best way to pay off the bills, and to make sure there is evidence
to prove that the bills have been paid in full.
Not Make Major Purchases
Many borrowers make the mistake of buying a new car, furniture
or other major purchases without realizing the impact it can have
on their ability to qualify. Contact your Loan Officer if you
feel a major purchase needs to be made prior to the closing of