1 STOP MORTGAGE BLOG!

Five Don'ts While Your Loan's in Processing

      FIVE DONT’S WHILE YOUR LOAN IS BEING PROCESSED   DON’T change Jobs/Employment without inquiring about the impact it would have on the approval of your home mortgage. DON’T make Major Purchases during or prior to closing the loan. New Car, furniture, appliances, electronics etc may impact your Debt to Income (DTI) qualification ratios. DON’T obtain and/or deposit sums of money over $500 without notifying the mortgage company. Guidelines require documentation as to the source of the funds. (Copy of tax return, copy of insur...

May 7th, 2014 | Your Loan in Processing, Five Don'ts While Your Loan's in Processing

Serving the Great Mid-South Region
Offices: 901-388-1588 or 901-476-9100 | Toll-Free: 
888-580-1588 | Fax: 901-388-6202 | Email: info@1stophomeloans.com
1 STOP MORTGAGE | NMLS#215671 | TN Lic#108931 | 5909 Shelby Oaks Dr, Suite 129, Memphis, Tennessee 38134