DO NOT let your home buyers do these 8 things during the home loan process.
When your clients are ready to apply for a mortgage, it's important to know that certain factors can cause a loan application (or pre-approval) to become derailed. As their agent you can help guide them to make smart choices during the home buying process and avoid a loan stall out.
By doing small things up front and helping your clients avoid the following 8 things, you can help your clients move forward with a successful loan application.
Unfortunately, if your client makes one of these mistakes, they can still be denied for a mortgage even after being pre-approved. It's best to have your client become a Churchill Certified Home Buyer. By becoming certified they'll be able to have their financial documents reviewed by an actual underwriter allowing their home loan to be conditionally approved for financing on a new home.
No one likes surprises during the home buying process. With upfront underwriting, a bulk of the lending legwork will be done early in the process which makes the home buying process quick and smooth once you've found your client the perfect home.
If you have any questions about the do's and don'ts of the home loan process to help your clients even further, please connect with a Home Loan Specialist.