Loan Process: Do's and Don'ts

Do’s:

  • Do get pre-approved.
  • Do work with a professional. (Loan Originator, Realtor, Appraiser, etc.)
  • Do keep an open line of communication with your loan officer.
  • Do start a savings plan.
  • Do maintain continued employment.
  • Do make timely payments on your rent, credit cards, lines of credit or other outstanding accounts.
  • Do have a paper trail to document where funds are coming and going in your bank accounts.
  • Do keep all your paystubs, bank statements, and tax returns.
  • Do be knowledgeable of other costs associated with closing on your mortgage.
  • Do tell us about any property you own. (house, condo, land…even if it’s free and clear)

Don’ts:

  • Don’t transfer any money around.
  • Don’t make cash deposits.
  • Don’t go house hunting with no idea how much home you can afford.
  • Don’t go MIA during the home loan process.
  • Don’t assume home payment estimates include the property taxes in them.
  • Don’t make any major purchases. (such as a new car, or new furniture)
  • Don’t change jobs until after the loan has closed.
  • Don’t open or close existing lines of credit without consulting a professional.
  • Don’t omit debts from your loan originator as these may come back and hurt you in the end.

Don't Miss a New Listing Again!
Register to create custom MLS home searches and have results auto-emailed to you

*Contact Information NOT Shared*

Already registered? LOGIN

AUTOMATED EMAIL UPDATES
Register for access to all the
features this site offers.
Save your favorite Searches

for auto email updates!

  MAXIMUM RESULTS
REAL ESTATE INC

Three great offices to serve you!

1228 Westridge Pkwy
Greensburg, IN 47240
Phone: 812-663-2255
Fax: 812-663-9754
www.maximumresultsrealestate.com
 
101 N Morgan Street
Rushville, IN 46173
Phone: 765-938-5888
Fax:765-938-5891
www.rushvillehomes4sale.com

703 N Harrison St
Shelbyville, IN 46176
Phone: 317-825-0623
Fax: 317-825-0649

Contact Us

We are happy to help you make the best decision for you whether you are buying a home or selling a home.  Contact us TODAY so we can get started.





* fields are required



Christie Muckerheide Gard | 812-593-5638 | Contact Us
1228 Westridge Pkwy - Greensburg, IN 47240
Copyright © 2018, All Rights Reserved