9 things to never do during applying for a loan

During the processing of your loan there are certain “DO’S” and “DON’TS” which may affect the outcome of your loan request.  These remain in effect not only until your loan is approved but also until the loan is actually funded and recorded.  (Many items such as credit, income, and assets are re-verified as late as the day you sign your final loan documents.)  We suggest that you comply with the following lists.

MAKE SURE YOU DO NOT:

Quit your job or get another job unless it is in the same line of work and for equal or more money.  

Allow anyone to make an inquiry on your credit report.  This includes new credit, autos, etc.

Change bank accounts or transfer money within your existing bank accounts.

Co-sign for anyone on a loan, purchase, or anything else.

Purchase an auto or take on ANY additional debt.

Purchase any other real estate.

Apply for credit anywhere or complete any other credit applications.

Charge any additional debt on any current credit.

Start any home improvements that are not condition of the loan.