fbpx
Salal Credit Union

Tips For A Smooth Home Loan Process

After You’re Pre-approved

Getting pre-approved is a really important first step in getting into your dream home. But there are a few other measures to take to help make the loan closing process run smoothly. See the list below for some useful tips for this stage of the home buying experience.

Couch with Throw Blanket

  • Keep your financial situation consistent to help avoid financing delays
  • Keep working at your current employer
  • Stay at your current residence
  • Continue to use your credit cards as usual and stay current on payments
  • Stick with your existing bank accounts
  • Postpone buying furniture or any other major purchases, like a vehicle
  • Set aside enough money to pay for closing costs
  • Hold off on taking out a new loan or co-signing a loan for anyone
  • Provide clear documentation and a paper trail if making any unusually large withdrawals or deposits
  • Contact your mortgage advisor right away if your financial situation changes