When making offers to purchase a home, any delay in your approval process could mean a lost deal. Here we've listed 5 Do's and 5 Dont's to help avoid delays in your loan approval.

Do's

1. Continue making mortgage or rent payments
2. Keep working at your current employer(s)
3. Continue living at your current residence
4. Use your credit as "Normal"
5. Stay current on all existing credit accounts

Dont's

1. Apply for new credit (even if pre-approved)
2. Change Bank Accounts
3. Open a new cell phone account
4. Close any credit accounts
5. Take out a new loan

 

Always consult your mortgage planner before making financial decisions while your loan approval is on the horizon. There are other simple things you should and should not do. We are happy to share them with you, just e-mail teamresults@century21.com or visit us at www.TeamResults21.com

 

 

2 Comments on Smooth Loan Approval

APR
05
2007
9 Featured Posts
This is such a very important topic! I can't tell you how many times I have this kind of thing happen to me even after I've explained to my clients what they need to do until closing. Thanks for this great post!
12:18pm • #1
I know. Sometimes it can feel like the more you tell them, the less they listen. Feel free to print out this post and hand it to your clients when they're getting started.
1:26pm • #2

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John Wall

Long Beach, CA

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CENTURY 21 Results

Address: 4909 Lakewood Blvd, Top Floor, Lakewood , Ca, 90712

Office Phone: (562) 531-7000

Cell Phone: (562) 449-8421

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