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ReCasa Financial Blog

ReCasa Financial Group ’s loan officer and real estate financing expert , Graham Montigny, CRMS, created a list to help mortgage applicants when purchasing or refinancing .  This is an important list of do’s and don’ts to follow.  Following these guides will help the real estate loan process run more smoothly.

Don’t*

  • Move money from one account to another
  • Let ANYONE pull your credit for ANY reason until after your real estate loan closes
  • Make ANY deposit of any sort other than direct deposit of pay checks without documenting the source and photocopying everything – Cash is not acceptable
  • Bounce a check or allow an overdraft, even with an overdraft account
  • Put in your 30 days notice to move until you close
  • Change jobs or pay types (i.e. hourly to commission) while your loan is in process
  • Miss any payments on any account for any reason

*You may need to do one of the Don’ts, but always consult your loan officer/ bank before doing any of the above.

Do

  • Send every paycheck stub as it becomes available
  • Send every bank statement as it becomes available
  • Send every 401k, IRA, etc statement as it becomes available

What would you add to this list?

If you are interested in a real estate purchase or refinance , contact Graham Montigny, CRMS, 614-309-0427 or gmontigny@recasafinancial.com.

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