Here’s what you should do and should not do to ensure a streamlined loan review and on-time closing.
■DO complete your application thoroughly. The process will be faster if
we don’t have to contact you for missing information.
■DO respond to all questions and requests quickly. Additional
information may be needed to help the underwriter make a decision.
Fast responses will help your loan close on time.
■DO disclose all loans and credit. Be transparent so your application
won’t get delayed.
■DO be available as your closing date approaches. Allow time to review
and sign documents and to pay your closing costs and down payment.
■DON’T make any major purchases. Financing a car, appliances, or
furniture will alter your debt-to-income ratio and may affect the
appearance of your ability to repay your loan.
■DON’T open new credit lines. This may also negatively affect your DTI
ratio and may harm your ability to qualify for a loan.
■DON’T move money around. This may appear as an attempt to hide
debt or large balances.
■DON’T use untraceable money. Using large amounts of cash or other
untraceable money may hinder underwriters from understanding your
spending habits and cash flow.
■DON’T make a career change. Income stability is important.
Questions? Concerns? I’m here to help you succeed.
All loans subject to underwriting approval. Certain restrictions apply.
Call for details. NMLS3029 (www.nmlsconsumeraccess.org).
Copyright © 2017 CrossCountry Mortgage, Inc. Rev. 07.2017 CCM0053