Keys to A Stress-Free Lending Experience

There are some important guidelines to follow during your lending process. These do’s and don’ts can be vital to your loan closing smoothly and in a timely manner. If you’re looking to have an easy and stress-free lending experience, review the following list of do’s and don’ts.

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DO these things during the home loan process:

  • Do call your loan officer if you have any questions
  • Do provide all requested documentation to your home loan team promptly and in its entirety
  • Do continue living at your current residence
  • Do continue to use your credit as normal
  • Do keep your same insurance company
  • Do stay current on all existing credit accounts

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DON’T do these things during the home loan process:

  • Don’t change your employment status
  • Don’t make any major purchases like a car, furniture, jewelry, etc.
  • Don’t change bank accounts
  • Don’t make any large cash deposits into your bank accounts
  • Don’t transfer any balances from one account to another
  • Don’t close any credit card accounts
  • Don’t consolidate your debt onto one or two credit cards
  • Don’t take out a new loan or co-sign on a loan
  • Don’t finance any elective medical procedures
  • Don’t start any home improvement projects
  • Don’t have your credit pulled or dispute any information on your credit report

If you ever come across a special or unfamiliar situation, it is best to contact your home loan team right away. They will be able to help you determine the correct decision to ensure a smooth loan process and closing.