• HOME
  • RETAIL vs WHOLESALE
  • LOAN PROGRAMS
    • CONVENTIONAL
    • FHA
    • VA
    • CONVENTIONAL HIGH BALANCE
    • BANK STATEMENT
    • ALL IN ONE LOAN
  • TIPS
  • LEARN
    • 10 DO's and DONT's
    • SHOULD I PAY POINTS?
    • FORBEARANCE
  • OUR MORTGAGE PROCESS
    • LOAN APP CHECKLIST
  • MEET DEREK
  • TESTIMONIALS
  • BANKS WE WORK WITH
  • APPLY NOW
  • WHO IS C2 FINANCIAL?
  • CONTACT DEREK
  • WHAT ARE POINTS?
#LENDPHX
  • HOME
  • RETAIL vs WHOLESALE
  • LOAN PROGRAMS
    • CONVENTIONAL
    • FHA
    • VA
    • CONVENTIONAL HIGH BALANCE
    • BANK STATEMENT
    • ALL IN ONE LOAN
  • TIPS
  • LEARN
    • 10 DO's and DONT's
    • SHOULD I PAY POINTS?
    • FORBEARANCE
  • OUR MORTGAGE PROCESS
    • LOAN APP CHECKLIST
  • MEET DEREK
  • TESTIMONIALS
  • BANKS WE WORK WITH
  • APPLY NOW
  • WHO IS C2 FINANCIAL?
  • CONTACT DEREK
  • WHAT ARE POINTS?

10 Do's and Dont's When Getting a Mortgage

  • Do keep all existing credit card accounts open.
  • Do maintain your employment at your current job.
  • Do notify your Loan Officer of any employment changes such as recent raise, promotion, transfer, change of pay status, for example, salary to commission.
  • Do pay off collections, judgements, or tax liens reported within one year.
  • Do stay current on your existing accounts.
  • Do be aware that a new credit report could be pulled just prior to closing.
  • Do notify your Loan Officer if you plan to receive gift funds for closing.  Gift funds are acceptable only if certain criteria are met.
  • Do organize your financial documents.
  • Do shop for your homeowner’s insurance (we have a great insurance broker we can refer you to)
  • Do call us. We are here to help you through this process.

  • Don’t quit or change jobs
  • Don’t max out or overcharge existing credit cards.
  • Don’t apply for new credit OR credit cards of any kind.
  • Don’t consolidate debt to one or two cards– even if they have a $0 balance.  
  • Don’t make any large purchases (buy OR lease a car, boat, jewelry, furniture, appliances, etc).
  • Don’t enter any deferred payment plan of any kind.
  • Don’t make any large deposits into any of your accounts outside of your automated payroll deposits, particularly cash or sale of personal property.
  • Don’t start any home improvement projects.
  • Don’t accept a cash "gift" for down payment without talking to Derek first.  There is a certain way this has to be done.
  • Don’t switch banks or move assets (transfer) from one bank to another. Talk to Derek before you do this.
  • Don't pack or ship information needed for your loan application and loan approval.
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  • HOME
  • RETAIL vs WHOLESALE
  • LOAN PROGRAMS
    • CONVENTIONAL
    • FHA
    • VA
    • CONVENTIONAL HIGH BALANCE
    • BANK STATEMENT
    • ALL IN ONE LOAN
  • TIPS
  • LEARN
    • 10 DO's and DONT's
    • SHOULD I PAY POINTS?
    • FORBEARANCE
  • OUR MORTGAGE PROCESS
    • LOAN APP CHECKLIST
  • MEET DEREK
  • TESTIMONIALS
  • BANKS WE WORK WITH
  • APPLY NOW
  • WHO IS C2 FINANCIAL?
  • CONTACT DEREK
  • WHAT ARE POINTS?