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Obtain
Loan Approval
Once
your loan application has been received
we will start the loan approval process
immediately.
This
involves verifying your:
- Credit
history
- Employment
history
- Assets
including your bank accounts, stocks,
mutual fund and retirement accounts
- Property
value
Based
on your specific situation, additional documents
or verifications may be required.
To
improve your chances of getting a loan approval:
- Fill
out the loan application completely.
- Respond
promptly to any requests for additional
documents. This is especially critical
if your rate is locked or if you plan
to close by a certain date.
- Do
not make any major purchases. Do not buy
a car, furniture or another house till
your loan is closed. Anything that causes
your debts to increase might have an adverse
affect on your current application.
- Do
not move money into your bank accounts
unless it can be traced. If you are receiving
money from friends, family or other relatives,
please contact us.
- Do
not go out of town around the closing
date. If you do plan to be out of town
when your loan is expected to close, you
may sign a power of attorney, to authorize
another individual to sign on your behalf.
Go to Step 6
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