Phoenix Metro Homes For Sale : Breeze Through the Mortgage Process By Following These Suggestions -

Breeze Through the Mortgage Process By Following These Suggestions -

Buyer's home mortgage process can go smoothly or not. 

If you are wanting to purchase a home, then this blog will help you a lot.  There is the easy way and the hard way to get a mortgage.  First and most importantly, don't do anything without checking with your mortgage lender first.  So many times a buyer will purchase something only to find out that this just made it impossible to close escrow on the home that they were trying to buy.  Wait.  You can make these purchases after your home is closed (meaning that it has recorded and the home is actually yours now.)

 

 

 

 

Earlier this year I wrote a post about the do's and don'ts during the mortgage process. Little did I know that a mere 90 dayshome buyer tips later I would be talking about this again.   Keep in mind that while your application and documentation are being reviewed and any slight change can result in a denial. Before you do ANYTHING, discuss the potential impact with your loan professional.

 

 

 

I thought it would be worth stating again my list of do's and don'ts. Just for clarification, I have added a couple more.  Regardless of the financing program, here is my list of do’s and don’ts to help eliminate hurdles as you go through the process.

 

1. DO NOT apply for any new credit

 

2. DO NOT change jobs

 

3. DO NOT make cash deposits into your checking account

 

4. DO NOT transfer funds from one account to another

 

5. DO NOT make any large purchases, such as furniture or appliances

 

6. DO NOT significantly increase the balances on credit cards

 

7. DO NOT schedule movers until your file is CLEAR TO CLOSE.

 

8. DO NOT make travel arrangements until your file is CLEAR TO CLOSE

 

9. DO NOT reduce or raise any credit limits on credit cards.

 

Here is the list of do’s

 

1. Communicate an change of employment or income to your loan officer immediately

 

2. Communicate clearly any pertinent dates, such as move out from apartments, etc.

 

3. Respond quickly to any requests made during the process for clarification or additional documentation

 

If a situation comes up, it is best to discuss it with your licensed mortgage professional before you take action!

 

Buying a Georgia Home in 2012 - Let's Talk Assets

 

Buying a Georgia Home in 2012 - Let's Talk Rent

 

Buying a Georgia Home in 2012 - Step One - Where Are You Spending Your Money

 

Buying a Georgia Home in 2012?

 

Signature 

Kathleen Sheehan
Sr. Loan Officer, MiLEND, Inc.
Office: 770-220-7208

Cell: 770-634-4021
Fax: 770-220-7209
ksheehan@milend.com
NMLS #206275
Georgia Residential Mortgage Licensee #25839


Apply Today!

 

 

MiLend Logo

 
 

MiLEND, Inc.
1155 Perimeter Center West
Suite 600
Atlanta, GA 30338
NMLS #148769

 

 

mortgage FHA VA loan real estate purchase buy

 

 

Brenda Cunningham

Brenda Cunningham, Realtor
Ron & Brenda Cunningham

WEST USA REALTY
1640 S Stapley  #124
Mesa, AZ  85204

Brenda  602.980.3133
Ron  602-499-0694  
Fax: 602.863.4623
www.CunninghamHomesAZ.com

*Recognized in the Phoenix Business Journal as One of The Top 50 Realtors in the Valley

 

 

 

 

Comments

A step by step guide through the mortgage process, my buyers would love to check this out

Posted by Charles Stallions Property Manager, Pensacola, Pace & Gulf Breeze Property Management (Charles Stallions Real Estate Services) over 6 years ago

It would be helpful if they did!

Posted by Brenda, Ron, Lee Cunningham & Tara Keator, Realtors, Homes for Sale - Phoenix Metro (West USA Realty) over 6 years ago

Brenda, thank you so much for the re-blog, it is truly appreciated.

Posted by Kathy Sheehan, Senior Loan Officer (Bay Equity, LLC 770-634-4021) over 6 years ago

Participate