Mortgage Dos and Don'ts | Home Buyer Tips from TMF

Dos

Send requested documents as promptly as you can
Disclose the income you want considered for qualifying
Disclose your debt (i.e. side business, alimony, child support, additional real estate owned etc.)
Be honest about your credit (good or bad)
Pay your bills on time (mortgage, rent, car payments, credit cards, etc.)
Use your credit card normally
Make sure your spouse is available for the closing (if purchasing a primary residence)
Communicate with your loan originator and loan partner

Don'ts

Change or quit your job
Pay off debts, collections, or charge-offs (unless your loan officer recommends it)
Move out of your current home
Make major changes to your asset structure
Co-sign or co-borrow on anything
Make large cash deposits into your bank accounts

What Our Customers Say

49,584 Reviews

4.92

See more reviews Leave a review

Benjamin R T.

and his team are very knowledgeable. They responded quickly and thoroughly.

Drew A.

Greg was extremely supportive and took all the time needed to make sure I understood every detail and answered thoroughly any questions I had. He was responsive and kind. I don't think I could've worked with someone better.

Paul L.

Excellent communication throughout the process They also Spent as much time as needed with me to answer various questions

Michael S.

Very knowledgeable and upfront about everything.

Laura S.

Laura was very knowledgeable and professional. She made the process easy to understand and everything went smoothly. Her and her team were quick with responding our many questions.

Donald C.

Kevin was amazing. He is so knowledgeable in VA loans. He has the patience of Job!!! Many, many thanks to a wonderful person!!!

Edgar Alexis C.

the communication, and speediness, and I love the binder I got on closing day!

LeeAnn Maxine H.

Kevin is phenominal. Very attentative and informative throughout the whole process. I felt so comfortable through this big purchase.

Elizabeth C.

Jennifer Kline and her team made our first time home buying experience smooth and kept up updated and informed every step of the way! We are extremely pleased with our experience!

Rosemary W.

I'm glad that I was with Team David Dickson, because they took time and care to help me through this loan process. I like to thank everyone from the bottom of my heart for the kind spirit within them to

How to Be A Good Borrower

Your Loan Is In Process... Now What?

Dos