24 Easy Ways to a Smooth Loan Approval

Mortgage and Lending with Guaranteed Rate Inc. - NMLS #2611 NMLS #370763

24 Easy Ways to a Smooth Loan Approval

For an effortless loan process, here are 24 dos and don’ts to prevent you any delays with your loan approval. Some of them may surprise you!

DO continue to live at your current residence.
DON’T start any home improvement projects.
DO continue to make your mortgage or rent payments.
DON’T buy any furniture.

DO continue to use your credit as normal.
DON’T apply for new credit (even if you seem pre-approved)
DON’T close any credit card accounts.
DON’T consolidate your debt onto one or two credit cards.
DON’T max out or over charge on your credit card.
DON’T open a new credit card.
DON’T pay off any loans or credit cards without discussing it with your mortgage specialist.

DO keep working at your current employer.
DO keep you same insurance company.

DON’T change bank accounts.
DON’T pay off charge offs without a discussion with your mortgage specialist.
DON’T pay off collections without a discussion with your mortgage specialist.
DON’T take out a new loan.
DON’T transfer any balances from one account to another.
DO stay current on all your existing accounts.

DON’T finance any elective medical procedure.
DON’T join a new fitness club.
DON’T make a major purchase (car, boat, fur, jewelry, etc.)
DON’T open a new cellular phone account.

DO call your mortgage specialist if you have any questions.

If you encounter a special situation, try to mention it to your loan officer right away so they can help you determine the best way to achieve your goals.

Posted by



Michal Bander
Vice President of Mortgage Lending


P: (954) 684-9227
F: (954) 867-5123

NMLS ID: 370763


4400 N. Federal Hwy. Ste 150 • Boca Raton, FL • 33431

NMLS ID 2611
Licensing Information: http://www.guaranteedrate.com/licensing



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State License Numbers: FL - LO8709 - MLD618,

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