
Loan Approval Process
THE "DO'S" & "DONT'S" TO YOUR APPROVAL
REMEMBER TO WORK WITH YOUR LOAN OFFICER!!!
The Do's to Your Approval
- Start a savings plan
- Pay all your monthly bills on time
- Keep all your personal documents handy (e.g. W-2s, tax returns, other statements re: investments or finances)
- Keep track of all your bank deposits and statements
- Communicate with your Loan Officer about life changes
- Purchase a homeowner's insurance policy
The Dont's to Your Approval
- Make large purchases
- Run up existing credit card balances
- Close revolving credit accounts
- Enter into deferred payment plans
- Finance or charge new debt
- Acquire any non-suffient funds or overdraft fees
- Change jobs, resign, or become self-employed
- Apply for any new credit cards
- Co-sign on any loans
