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The Do's and Don'ts during the mortage approval process

Applying for a mortgage? THE DO'S & DON'TS DURING THE MORTGAGE PROCESS DO'S DOKEEP ALLFINANCIAL DOCUMENTS THROUGHOUT THE APPLICA TION PROCESS. DO TELL YOUR MOR TGAGE ADVISOR WHERE YOUR CASH TO CLOSE WILL COME FROM. DONOTIFY YOUR MORTGAGE ADVISOR IF YOU ARE PLANNING ONRECEIVING A GIFTFOR CLOSING. DON'T DON'T Open any new accounts or obtain financing for large purchases TV New Car Big Screen TV Student Loans Credit Cards WAIT until after closing to open that store credit card with 0% financing to buy furnishings for your new home. Before the closing, a new, "soft" credit report will be run to make sure your financials are still the same and you haven't incurred any new debt. BEWARE DO NOT change jobs or employers during the application process DO NOT close/open any asset accounts or transfer funds between accounts without consulting with your Mortgage Advisor. Any Questions? Contact South Shore Mortgage today for a free consultation LICENSED IN MASSACHUSETTS, RHODE ISLAND, AND FLORIDA MA BROKER MB1219| MBR1603 | RI 20132862LB | MLO #29730 Source: IN

The Do's and Don'ts during the mortage approval process

shared by leaveittolindsay on Jul 02
Applying for a mortgage? The do's & don'ts during the approval process.


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