Getting a mortgage loan in Florida or Georgia is no longer a hefty process. You can easily search the web to get a long list of banks and other financial institutions offering Florida mortgage loans and Georgia Mortgage loans against easy assets. However, there are certain things that you should take care of, and especially avoid doing while applying for a Florida mortgage loan or Georgia mortgage loan. You should following these practices until your loan is approved, funded, and recorded.
What should you avoid while applying for a mortgage loan in Florida or Georgia?
• First, you should not quit your job unless it is in the same line of work and for equal or more money. You should not allow anyone, other than personnel authorized from any loan agency to which you have applied for the loan, to make an inquiry on your credit report.
• You should refrain from making a co-sign for anyone. You stand to be held or prosecuted if the person for whom you have signed drops out or fails to payback.
• Avoid taking any additional loan or indulging in a debt or purchasing any other real estate.
• Do not apply for credit at the time when your loan application is in process.
• Charge any additional debt on any current credit card.
• Start any home improvements that are not a condition of this loan.
The following steps can make your loan approval process easier
• Try to keep all accounts current and up to date. this should include mortgages, car payments, and credit cards. • Keep all copies and proper documents of all check counterparts, bank statements, and any statements on bills that you are paying off through this loan. • Make sure to make payments on all accounts within the stipulated time. If you have a problem making these payments, please call this office immediately.
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