Things to Remember

When Applying for a Mortgage

Things to Remember

Things to Remember 1024 536 Vellum Mortgage

There are many factors that can change your ability to qualify for a mortgage. It’s important to follow these guidelines until your loan is closed.

Do

  • Pay all your monthly bills on time
  • Keep track of all your bank deposits and statements
  • Find and organize documents such as W-2s, tax returns and other statements related to investments and/or other finances
  • Get pre-approved before you start looking for your new home
  • Leverage Elevate to make the entire process easy and contact us with any and all questions

Don’t

  • Apply for new credit cards, loans or purchase offers
  • Deposit or withdraw large amounts of cash without speaking to your Loan Officer
  • Change jobs, your pay structure or employment status
  • Charge current credit accounts/cards to the maximum
  • Make large purchases such as cars, appliances or furniture
  • Take debt consolidation action or pay off collections or charge-offs

Any changes to your current financials could affect your current financial picture. We are always here to provide guidance and advice as you begin your home buying journey.