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Homebuyer Do's and Don'ts


Talk to a Mortgage Loan Officer

Getting a new mortgage for a homebuyer can be a little overwhelming with all of the important details, guidelines and potential speed bumps. Since there are so many rules and steps to follow, below is a simple list of Do's and Don'ts to keep in mind throughout the mortgage approval process:


DO:

-Continue working at your current job (no changes)

-Stay current on all your accounts

-Keep making your current housing payments

-Keep your insurance payments current

-Continue to maintain your credit as usual

-Call us if you have any questions

 

DON'T:

-Make any major purchases (car, boat, Jet Ski, home theater...)

-Apply for new credit

-Open new credit cards

-Transfer any balances from one credit or bank account to another

-Payoff any charge off accounts or collections

-Take out furniture loans

-Close any credit cards

-Max out your credit cards

-Consolidate credit debt

 

While you are in the process of getting a new mortgage, keep your financial status as stable as possible. Any number of minor changes could easily raise a red flag or cause a negative impact on a credit score or cause delays.

Your mortgage loan officer will walk you through any questions.


Talk to a Mortgage Loan Officer

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NMLS# 447110    |    FAIR LENDER    |    FAIR HOUSING    |    Member FDIC

141 Providence Rd, Charlotte, NC  28207

704-991-2828  |  mortgage@uwharrie.com

NMLS# 447110    |    FAIR LENDER    |    FAIR HOUSING    |    Member FDIC