Do's & Dont's
Tips for a smooth loan approval.
When applying for a mortgage, even small financial moves can have a big impact. That's why we've outlined key Do's and Don'ts to help you stay on track and avoid common pitfalls during the loan approval process. From maintaining your credit to managing your assets, these tips are designed to protect your eligibility and keep your home financing journey running smoothly. Review the list below and reach out to your Brentwood loan advisor with any questions - we're here to guide you every step of the way
DO's
- Immediately inform your Loan Officer if there are any changes in your employment, income, or assets.
- Continue living in your current residence.
- Continue making all mortgage or rent payments.
- Continue to make payments and stay current on all existing credit accounts.
- Be prepared with an explanation for any credit "blemishes" and recent credit inquiries.
- Research and select a preferred homeowners insurance provider.
DONT's
- Make any major purchases or home improvements.
(ie. auto, boat, appliances, furniture, pool) - Apply for new credit or loans.
- Pay off any charge-off accounts, collections, loans, credit cards, or consolidate debt.
- Close any credit card accounts, max-out, or over-charge credit accounts.
- Change bank accounts of transfer balances from one account to another.
- Change the source of your "closing funds."
- Deposit large amounts of cash into your own bank account without proper documentation.
Ready To Take The Next Step?
Whether you're dreaming of homeownership, looking to refinance for better terms, or simply exploring your options, our Brentwood branch is here to help you move forward with confidence. Our experienced mortgage professionals are committed to guiding you through every stage of the process with clarity, care, and personalized support. Choose the path that fits your needs below - and let's make your goals a reality.
