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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    August 2013

    Where do I start?!

    Well my lifelong dream of having the horses in my backyard is finally a reality because of Pam’s hardworking, dedicated, caring, knowledgeable, talented personality. She truly is the best, and she never gave up on me, my kids and my dream! Not only did she sell my home, she took me to see EVERY piece of horse property in Barrington until I found the perfect farm, my Forever Farm! Pam and Chuck are a great team and are perfectionists! When I started the journey…
    Maria Frieda, Barrington Hills + North Barrington