Tim Bradford 216-324-8113

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Do's and Don'ts

Do’s and Dont's of Mortgage Applications
(Download Printable Flyer)

Amid the tightened lending standards among residential lenders, it pays to prepare for the mortgage applications. By the time, you are ready to buy or refinance the process will be much smoother if you follow the following 12 steps.

1. DO NOT deposit any funds into your checking account without making a copy.  All deposits will need to be documented as to the souce. 

2. DO NOT move money around from account to account

3. DO NOT go out car shopping, furniture shopping, or any other shopping that would run up credit cards

4. DO NOT payoff debts until instructed to do so

5. DO NOT change jobs, if at all possible

6. DO NOT go on vacation or out of town, if at all possible

7. DO NOT accept any cash gifts from family members (Borrowers - check with your Loan Officer first)

8. DO NOT sell any personal items (Borrowers - check with your Loan Officer first)

9. DO NOT take any cash advances on your credit cards or open new credit accounts

10. DO save all paystubs, all bank statements and all quarterly investment or retirement statements

11. DO continue to make all your payments on time (this includes mortgage payments even if the borrower is refinancing)

12. DO ask questions regarding the loan process, programs, and fees; and be patient with your Loan Officer. He or she is trying his/ her best to help you to get through the process as quickly and as painless as possible.

 

Timothy Bradford, Loan Officer
American Midwest Mortgage Corporation
6363 York Road, Suite 300, Parma Heights, OH  44130
Direct:  (216) 324-8113
Cell:  (216) 324-8113
Office:  (440) 884-5000 Ext. 269
Fax:  (440) 884-5034
tbradford@ammcorp.net
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