Pre-Check to Close On Time

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An Eighteen year veteran of home loan lending in Colorado, Ashley created the Fairway Fast Speed Team that gets loans closed in record time!

Flight Pre-Check.

Shouldn’t You Do the Same on a Home Loan?
When we fly, we expect and trust that a pilot and his/her team performs a pre-flight check before taking to open airspace. It gives passengers a sense of security to know that the professionals are doing everything necessary to ensure a safe journey. As passengers, we also are schooled on what NOT to do during a flight.

Purchasing a home and financing it can be a be quantified the same way. There are many guidelines and check points along the way before touching down at closing. As an active passenger in the loan process, there are many things to NOT DO during the loan process.

Here is a list of DON’T DO’s during the home financing process.

  1.  DO NOT apply for new credit during the loan application process up and through the date of loan closing.
  2. DO NOT utilize existing credit that causes your current verified account balances or monthly payments to increase substantially during the loan application process up and through the date of loan closing.
  3. DO NOT change employment or job position during the loan application process up and through the date of loan closing without first notifying and discussing it with your loan specialist.
  4. DO NOT move substantial amounts of asset funds among your accounts during the loan application process up and through the date of closing. It may effect your qualifying for the loan.
  5. DO NOT make late payments on any of your existing credit accounts during the loan application process up and through the date of closing. Your credit report and credit rating must not significantly change as it may effect getting your loan to close.

It is important during the process that you report any substantial changes in status of employment, income, assets, credit and debt. In aircraft language, any of the above could be termed as “turbulence” to your financial flight.