BUYERS - DURING LOAN PROCESSING
Respond Promptly to Your Lender
Respond promptly to all lender and underwriting requests, providing the complete documents requested. Additional requests are common as the lender reviews your finances and the property.
Use your lender’s secure system for sensitive documents, and confirm that important submissions have been received.
Track Your Financing Deadline
Stay in touch with your lender about the appraisal, underwriting conditions, and mortgage commitment.
If a deadline may be at risk, notify me and your attorney immediately so we can address it before it expires.
I will monitor the loan progress as well to help assure that delays can be dealt with proactively in keeping with the terms of the Purchase & Sale.
Keep Your Financial Picture Consistent
Check with your lender before opening new credit, making a major financed purchase, changing employment, or moving substantial funds between accounts. These changes can affect the approval process.