WHAT NOT TO DO DURING THE LOAN PROCESS

Don’t apply for new credit of any kind. Including those “You have been preapproved” credit card invites that you receive in the mail.

Don’t max out or over charge on your credit card accounts. This is the fastest way to bring your score down 50-100 points immediately.

Don’t consolidate your debt into 1 or 2 credit cards. It seems like it would be a smart thing to do but the credit system will penalize you.

Don’t do anything that will cause a red flag to be raised by the scoring system. This would include adding new accounts, cosigning on a loan, changing your name or address with the bureaus.

Do stay current on existing accounts like your mortgage and car payments. One 30 day late can cost you between 30-75 points.

Do continue to use your credit as normal. Changing your pattern could raise a red flag and affect your credit score.

Do call your lender. If you have any questions about what to do, or not do, you should contact your mortgage lender.

How to find the right lender

Shop around!

Consider different options like your bank, credit union or a local mortgage consultant. Ask about rates, loan terms, down payments, mortgage insurance, closing costs and fees.

We can offer some options for you to get started!

Concierge program

If your new home is in need of updates, repairs, remodel or renovation… we have someone for that! Our Concierge Manager can get you moving in the right direction with by helping to connect you with service providers in our area.

Tiffany Miller Concierge Manager

Our Concierge Manager, Tiffany, is also a Certified Color Expert and can help you select the perfect color for any room in your house. Contact our office for pricing details and to set up an appointment 618-726-2242 or email tiffany@homesbyjanell.com