When you are starting the loan process, there are key Do’s and Don’ts to follow in order to keep the transaction running smoothly.
Tips For Success:
Things To Do And Not Do During The Loan Process
As you read through them, you will see that they are fairly common sense points, but they go a long way in keeping your loan completing successfully and on time.
- DO STAY CALM! CLS WILL BE THERE BEFORE, DURING AND AFTER THE MORTGAGE PROCESS
- DO PROVIDE REQUESTED DOCUMENTS IN A TIMELY MANNER
- DO USE YOUR CREDIT AND BANK ACCOUNTS AS NORMAL
- DO MAKE PAYMENTS ON TIME
- DO CONTACT CLS WITH ANY QUESTIONS
- DO REFER YOUR FRIENDS, FAMILY AND COLLEAGUES TO CLS FINANCIAL
- DON’T PULL YOUR CREDIT OR APPLY FOR NEW CREDIT
- DON’T PAY OFF COLLECTIONS OR CHARGE OFFS
- DON’T MAX OUT OR OVERCHARGE CREDIT ACCOUNTS
- DON’T PUT YOUR PERSONAL INFORMATION INT RATE SHOPPING SITES
- DON’T MAKE ANY LARGE PURCHASE (CARS, BOATS, APPLIANCES, FURNITURE, ETC)
- DON’T CONSOLIDATE YOUR DEBT
- DON’T CO-SIGN FOR ANOTHER LOAN
- DON’T CLOSE BANK OR CREDIT ACCOUNTS
- DON’T MAKE LARGE DEPOSITS OR WITHDRAWALS
- DON’T MAKE YOUR EARNEST MONEY DEPOSIT FROM ANY ACCOUNT THAT HASN’T BEEN CLS VERIFIED
- DON’T SCHEDULE A REMOTELY LOCATED VACATION DURING ESCROW
- DON’T CHANGE JOBS, QUITE YOUR JOB OR BECOME SELF-EMPLOYED
