Q&A with Pam – What Should I NOT Do Prior to Final Loan Approval?

    Question: My offer was accepted on my dream home. What should I NOT do prior to final loan approval?

    Answer: Your Pre-Approval gave the sellers confidence that you can obtain financing, but it is not your final loan commitment. Here are things to avoid:

    DO NOT change jobs, become self-employed or quit your job

    DO NOT make major purchases (car, furniture, facelift)

    DO NOT spend money you have set aside for closing

    DO NOT charge up your credit cards or make late payments

    DO NOT allow anyone to run your credit

    DO NOT deposit gift funds or make large deposits/withdrawals without lender approval

    DO NOT change bank accounts

    DO NOT co-sign a loan for anyone

    Closely monitoring your financial activity is critical to ensure a smooth approval.

     

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    Our agents write often to give you the latest insights on owning a home or property in the local area.

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    October 2014 Pam Jacobs is absolutely the best realtor anyone could ask for. The same applies to her team. Because of Pam’s expertise and professionalism, our house sold quickly and at a price with which we were very satisfied. The entire process…from start to finish…was such a positive experience. Too, Pam’s personal character added so much to our enjoyment of her being our realtor. She is an exceptional person and professional.
    Teri Bridge, Deer Park