To help avoid any surprises while waiting for final approval, I provide my clients with a short list of “Do’s and Don'ts” to follow.
Let’s start with the “do’s” …
- Do keep the process moving by responding to your loan officers’ requests for documentation as soon as possible.
- Do make decisions as soon as is reasonably possible.
- Do convey questions or concerns you have as they develop.
- Do continue to make all of your rent or mortgage payments on time.
- Do stay current on all other existing accounts.
- Do continue to work your normal work schedule with no unplanned time off.
- Do continue to use your credit as normal.
- Do be prepared to explain any large deposits in your bank accounts.
- Do enjoy purchasing your home but remain objective throughout the process to help make decisions that are best for you.
- Do try to keep communication with your REALTOR®, Loan Officer, and Closer in writing as much as you possibly can.
After you have been preapproved for your mortgage you will want to refrain from the following …
- Do not make any major purchases (car, boat, jewelry, furniture, appliances, etc.).
- Do not apply for any new credit (even if it says you are preapproved or “xxx days same as cash”).
- Do not pay off charges or collections (unless directed by your loan officer to do so).
- Do not make any changes to your credit profile.
- Do not change bank accounts.
- Do not make unusual deposits into your bank accounts or move money around from one account to another.
Follow these simple rules and you will help to make your loan closing as smooth and hassle-free as possible! Good luck! 
Dan Lopez | Legends Realty | 290 Waymont Ct., ste 100 Lake Mary, FL 32746 | danlopez@legendsre.com | Mobile: 407-705-3915 | www.HomesInCentralFL.com
