top of page
Search

5 Things NOT to do during the Closing Process

  • Writer: Jennifer No
    Jennifer No
  • Sep 15, 2016
  • 1 min read

Keeping things consistent throughout the loan process will help ensure you have a stress-free mortgage process. Here are 5 tips from Jennifer No-Cypress Mortgage Pro.

1. DO NOT CHANGE YOUR MARITAL STATUS

How you hold title is affected by your marital status here in Texas. Make sure your lender is aware of any changes in your marital status so that documents can be prepared correctly.

2. DO NOT CHANGE JOBS

A job change may result in your loan being denied, particularly if you are taking a lower-paying position or moving into a different field. Don’t think you’re safe because you’ve received approval earlier in the process, as the lender may call your employer to re-verify your employment just prior to funding the loan.

3. DO NOT SWITCH BANKS OR MOVE YOUR MONEY TO ANOTHER INSTITUTION

After the lender has verified your funds at one or more institutions, the money should remain there until needed for the purchase.

4. DO NOT PAY OFF EXISTING ACCOUNTS UNLESS YOUR LENDER REQUESTS IT

If your Loan Officer advises you to pay off certain bills in order to qualify for the loan, follow that advice. Otherwise, leave your accounts as they are until your escrow closes.

5. DO NOT MAKE ANY LARGE PURCHASES

A major purchase that requires a withdrawal from your verified funds or increases your debt can result in your not qualifying for the loan. A lender may check your credit or re-verify funds at the last minute, so avoid purchases that could impact your loan approval.


 
 
 
Featured Posts
Recent Posts
Archive
Search By Tags
Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square

.Any complaint against C&T Mortgage or Jennifer No should be reported to https://www.sml.texas.gov/index.html
calling its TOLL-FREE CONSUMER HOTLINE AT 1-877-276-5550,
BY FAX AT 512-475-1360, OR BY EMAIL AT SMLINFO@SML.STATE.TX.US, NMLS #1238152

Equal credit opporunity housing lender in cypress tx

Cypress Mortgage Pro

C & T Mortgage, Inc.

16718 House Hahl Rd Ste H  Cypress, TX 77433

 Cell 936-525-7225

Office 832-220-1480

Other 936-522-7193

NMLS# 1368889

NMLS# 1310829

Company NMLS # 1231852

  • Facebook Social Icon
  • LinkedIn Social Icon
  • Blogger Social Icon
  • Google+ Social Icon
  • Pinterest Social Icon
bottom of page