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Once your loan application has been received we will start
the loan approval process immediately. This involves verifying
your:
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Credit history
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Employment history
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Assets including your bank accounts, stocks, mutual fund
and retirement accounts
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Property value
Based on your specific situation, additional documents or
verifications may be required. To improve your chances of
getting a loan approval:
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Fill out the loan application completely.
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Respond promptly to any requests for additional documents.
This is especially critical if your rate is locked or if you
plan to close by a certain date.
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Do not make any major purchases. Do not buy a car,
furniture or another house till your loan is closed.
Anything that causes your debts to increase might have an
adverse affect on your current application.
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Do not move money into your bank accounts unless it can be
traced. If you are receiving money from friends, family or
other relatives, please contact us.
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Do not go out of town around the closing date. If you do
plan to be out of town when your loan is expected to close,
you may sign a power of attorney, to authorize another
individual to sign on your behalf.
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