Do's & Dont's

To help make the home loan process as smooth as possible, there are some best practices and rules to follow that are strongly recommended. To help avoid delays with your loan approval, we have created a short list of Do's and Don'ts of things that will have an impact on the process that you should be aware of.

 

DO'S

  • DO continue making your mortgage or rent payments
  • DO stay current on all existing accounts
  • DO keep working at your current employer
  • DO keep your same insurance company
  • DO continue living at your current residence
  • DO continue to use your credit as normal
  • DO call us if you have any questions

    • DONT'S

  • DON'T make a major purchase (car, boat, fur, jewelry, etc.)
  • DON'T apply for new credit even if you seem "pre-approved"
  • DON'T open a new credit card
  • DON'T transfer any balances from one account to another
  • DON'T pay off charge offs without discussing with us first
  • DON'T pay off collections without discussing with us first
  • DON'T buy any furniture
  • DON'T close any credit card account
  • DON'T change bank accounts
  • DON'T max out or over charge your credit card accounts
  • DON'T consolidate your debt onto 1 or 2 credit cards
  • DON'T take out a new loan
  • DON'T start any home improvement projects
  • DON'T finance any elective medical procedure
  • DON'T open a new cellular phone account
  • DON'T join a new fitness club
  • DON'T pay off any loans or credit cards without discussing with us first
  • DON'T co-sign any loans or credit cards for anyone (including family members)

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    Jonathan Easley
    Jonathan Easley Divisional Vice-President & Loan Officer Colorado Lic #: 100039985 Texas SML #: 871662 NMLS #: 871662
    Mid-America Division HQ 6301 Gaston Ave, Suite 1222
    Dallas, TX 7214     Main: (800) 405-8476 Fax: (833) 388-8275
    Corporate HQ 6530 S Yosemite Street, Suite 310
    Greenwood Village, CO 80110     Main: (303) 529-3315 Fax: (833) 388-8275
    Cell: (214) 794-3399 Email: jeasley@catalystlending.com

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    All information contained herein is for informational purposes only and, while every effort has been made to ensure accuracy, no guarantee is expressed or implied. Any programs shown do not demonstrate all options or pricing structures. Rates, terms, programs and underwriting policies subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval. Some products may not be available in all states and restrictions apply.

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