Dos and Don'ts of your loan process

Do

  • Continue to make rent or mortgage payments
  • Continue to pay all existing debts on time
  • Keep working at your current employer
  • Continue to use your credit as normal

Don'ts (These are very important)

  • Move money between accounts
  • Make any non-payroll deposits
  • Make a major purchase (car, boat, fur, jewelry, etc.)
  • Apply for new credit (even if you seem pre-approved)
  • Open a new credit card
  • Transfer any balances from one account to another
  • Pay off charge account without discussing with me first
  • Pay off collection accounts without discussing with me first
  • Pay off any loans or credit cards without discussing with me first
  • Buy any furniture
  • Close any credit card accounts
  • Change bank accounts
  • Max out or over charge your credit cards
  • Pay earnest money in cash
  • Withdraw money from your account to pay bills
  • Consolidate your debt into 1 or 2 accounts
  • Take out a new loan
  • Start any home improvement projects
  • Open a new cell phone account
  • Join a fitness club