Be Readily Available
Make sure that you're able to respond immediately if action is needed. Don't miss phone calls, or go on vacation during the lending process.
Return Documents in a Timely Matter
Keep the process moving efficiently by responding to all document requests as soon as possible. Having all your financial information gathered in advance is a smart practice.
Maintain Good Credit
Always make your credit payments on time. If your credit is pulled, any negative changes could cause you to lose your approval and your chances of buying a new home.
If relatives have given you gift money for your down payment, we'll provide you with a gift letter for them to sign. It must be returned along with a recent copy of their account statement.
Apply for New Credit
Changes to your credit can delay or change the terms of your financing. At worst, it could prevent closing altogether. Consult with your loan officer if you must open a card or loan.
Change your Job
Making a career change could place you on a probationary period with your new employer. Even status changes like being switched from a salaried to commission position could greatly affect your loan's approval.
Make Undocumented Deposits
Be sure to make copies of all checks and deposits slips during the lending process. Avoid depositing cash, and keep deposits separate and small. Consult with your loan officer if you have any questions!
Start any Home Improvement Projects
If you were looking to make improvements on your current house, complete all projects before contacting your lender. Unexpected delays in construction could make it difficult to sell your home.
Be Afraid to Ask Questions
I'm here to listen to your story, craft you the best lending solution, and walk you through the process all the way through closing. Call your loan officer anytime -- Even before you start looking for your new home.
Legacy Mortgage is an Equal Housing Lender
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