Do’s and don’ts of the mortgage process
Many times we find our clients are poorly positioned to qualify for a loan with the best possible rate. That’s why it’s vitally important to meet with a qualified, experienced Mortgage Broker before starting your home search.
Here are the steps to prepare yourself:
Make sure your employment, asset and personal information is correct on your loan
application.
Be prepared to account for non payroll deposits into each account you plan to use
toward your transaction.
Respond to any requests from your loan officer promptly.
Do maintain your employment at your current job.
Don’t apply for any new credit or financing of any kind. Don’t co-sign on a loan, either.
Don’t have any inquiries made on your credit report.
Don’t raise red flags to the underwriters -such as co-signing on another person’s loan
or changing your name and address.
Don’t make changes to your name, address, job or income.
Don’t spend your closing costs.
Do call. We are here to help you through this process.
Don’t apply for new credit of any kind.
Do keep all credit card accounts open.
Don’t MAX OUT or overcharge existing credit cards.
Do maintain your employment at your current job.
Don’t consolidate debt to one or two cards.
Do pay off collections, judgments, or tax liens reported within one year.
Don’t make any large purchases.
Do stay current on your existing accounts.
Don’t make any large deposits into any of your accounts.
Do call. We are here to help you through this process.
We Partner with the best in the business…
When it comes to buying or refinancing a home, it is nice to know that someone is looking out for your best interests. Realty ONE Group wants all of our clients to experience the best service. That is why we partner with the best in the business.
Finance of America Mortgage has been serving the rigorous demands and long-term needs of its customers for more than a quarter century, since 1994, and with the support of a leading global asset manager, will continue to serve with the foundation and stability of a global financial institution.
All loans subject to underwriter approval. Terms and conditions may apply. Subject to change without notice. Guild Mortgage is not affiliated with Realty One Group. For more licensing information visit nmlsconsumeraccess.org.
Mortgage Advisor
NMLS #: 580484
Phone #: 484.467.6375
stomlinson@financeofamerica.com
©2021 Finance of America Mortgage LLC is licensed nationwide | 
| NMLS ID # 1071 (www.nmlsconsumeraccess.org) | 300 Welsh Road, Building 5, Horsham, PA 19044 | (800) 355-5626 | AZ Mortgage Banker License #0910184 | Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act | Georgia Residential Mortgage Licensee #15499 | Kansas Licensed Mortgage Company | Licensed by the N.J. Department of Banking and Insurance | Licensed Mortgage Banker — NYS Banking Department | Rhode Island Licensed Lender | Massachusetts Lender/Broker License MC1071. For licensing information go to: www.nmlsconsumeraccess.org