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.
The post Do’s and Don’ts While Your Mortgage or Refinance Loan is in Process first appeared on ReCasa Financial Group.
