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Do's & Dont's For Mortgage Loan Process

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Do's & Dont's For Mortgage Loan Process

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  1. DO's & Dont's For Mortgage Loan Process Do’s Don’ts Inform your lender in case of any changes in your address, salary, job profile or other information that you have provided. Purchase an expensive item during an ongoing loan process. It may affect your debt-to- income-ratio. Do’s Don’ts Keep all the records related to your bank transactions, particularly the ones that include large amounts. Change your job, it is necessary to show a work experience of at least 2 years. Do’s Don’ts Conduct a thorough inspection of the property you want to purchase. Cosign for other borrowers as it may show you in additional debt. Do’s Don’ts Get a homeowners insurance equal to the mortgage amount of your home. Change your investment plans or make unexplained large deposits. Do’s Don’ts Clarify all the doubts from your mortgage lender. Be slow to respond to the loan lending team. Presented By www.kathygaitan.com Kathy Gaitan - LeaderOne Home Loans 3901 E. Stan Schlueter Loop, Suite 101, Killeen, TX 76542 Phone: (254) 541 - 5189

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