FINANCIAL DO’S AND DON’TS

FINANCIAL DO’S AND DON’TS

Even after you’re pre-approved for a mortgage, changes in your financial profile can affect your final approval at closing. Here are a few suggestions for how to remain financially stable throughout the process

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FINANCIAL DO’S

  • Pay all loans, credit cards and other bills on time to ensure that your credit score doesn’t dip
  • Continue your normal work schedule and do not take any unplanned time off
  • Be prepared to explain any large deposits into any of your bank accounts
  • Continue to use your credit as your normally would, within reason
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FINANCIAL DON’TS

  • Make any major purchases on credit in the months leading up to applying for a mortgage
  • Change or quit your job, or switch to being self-employed while applying for a mortgage
  • Change financial institutions; You’ll want to show a stable banking history
  • Co-sign a loan or be a credit co-applicant for anyone prior to applying for a mortgage

CONTACT US

If you’d like more information about financial DO’s and DON’Ts between pre-approval and closing, we’d be happy to assist you.

8300 College Blvd., Suite #130
Overland Park, KS 66210
913-661-8500