The following are some helpful tips we have collected over the years to ensure that your loan process goes smoothly and has a timely close.
DO'S
DON'TS
DO'S
- Inform V.I.P. Mortgage Inc. of any changes to your information (employment, credit, address, marriage, divorce)
- Save money
- Continue to make your mortgage or rent payments
- Stay current on all existing credit accounts
- Save all pay-stubs, bank statements, W2’s etc.
- Pay ALL bills on time
- Keep current employment
- Read all correspondence from V.I.P. Mortgage
- Make sure all earnest money is from an acceptable source (checking, saving, 401k, etc.)
DON'TS
- Quit your job
- Buy any major purchase that might affect your credit (i.e. furniture, cars, appliances, etc.)
- Apply for new credit, "same as cash deals," etc., elective procedures
- Pay on ANY bills late or payoff current or delinquent debt unless we inform you to
- Transfer balances between accounts
- Start major home improvement projects
- Make large deposits into a checking/savings account
- Take out a new loan
- Pay off any collections or loans without speaking with us first
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