Luz’s Top Tips during the Loan Processs
Did you know that keeping in communication with your lender and what you should know can help have a smooth loan process?
Make sure you are pre-approved BEFORE going out and shopping. This will help you narrow your search and make sure that you and your realtor are on the same page about what your budget is.
Once you go into escrow, Make sure you ask your lender/realtor to provide wire information for your good faith deposit. This is important!
Stay up to date on any potential inspections and how much they will cost. Yes, the home inspection and/or termite inspection DO come out of pocket.
DO NOT PURCHASE ANYTHING ON YOUR CREDIT! That's right, don't go out and buy a brand new car, appliances, NOTHING. This will slow down the process!
Be honest with your lender! WE FIND EVERYTHING OUT. It's best to be 100% honest (To your knowledge) about anything that might affect your income, etc.
Last but not least, DON'T LEAVE/CHANGE JOBS DURING ESCROW. Just like buying a new car, This will affect your loan and slow down the process.
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