The Do’s and Dont’s of Getting a Home Loan

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    Most people aren’t sure what they’re getting themselves into when they apply for a mortgage loan. We are here to share with you the do’s and don’ts of the process, so you know exactly what to expect and exactly how to prepare.

    The Do’s: You do want to make sure you stay current on all your payments, including your car, cell phone, credit card, and mortgage. You also want to make sure you’re always in contact with your real estate agent, loan officer, and title company if need be. Return their phone calls as soon as possible!

    We highly recommend following all of these tips.

    The Don’ts: On the flip side, there are a lot of things you should avoid throughout this process. First of all, don’t allow anyone under any circumstance to make an inquiry on your credit report, except for your lender. You should also avoid applying for any additional credit, because that will cause credit hits that will lower your score. Also, don’t attempt to make any larger purchases during this time like new furniture, a new car, or a boat. Finally, make sure you don’t have any late payments.

    If you are going through the loan process, we highly recommend following all of these tips to ensure a smooth transition. If you have any questions for us, don’t hesitate to give us a call or send us an email. We look forward to hearing from you!

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