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Borrower’s To “Don’t” List

In an effort to make the process of your mortgage loan be as hassle-free as possible, please understand that any of the actions listed below may result in one or more of the following:

• Additional information requested by Traditional Home Mortgage
• Delay in loan closing
• Loan being declined regardless of prior loan approval

 No new inquiries on your credit report
 Do not incur more debt
 No late payments on any accounts
 Do not consolidate your debt into one or two credit cards or close credit cards
 Do not pay off collections or charge off accounts
 Do not dispute any item on your credit report
 No large deposits other than payroll-all deposits other than payroll must be documented and accounted for
 Do not make any large cash purchase which result in lowering verified bank balances
 No increases in balances on credit cards or liens of credit which would increase your minimum monthly payment
 Do not change jobs without notifying your loan officer
 If commission, bonus or overtime income decreases notify your loan officer
 A NEW CREDIT REPORT WILL BE ORDERED PRIOR TO CLOSING! Should the second credit report reveal a decrease in your credit scores, the rate and/or cost involved may change or could result in your loan being declined

Call us today so we can help you with your client’s lending needs

Traditional Home Mortgage
Over 35 Years Combined Experience

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