Once you have received your pre-approval for a mortgage loan, you might be asking, “what now”? This is an exciting time and is definitely worth celebrating. However, you might be inclined to make other big decisions with this big change. One thing to be aware of is that decisions you think are minor or insignificant can negate your pre-approval.

Here is a list of some do’s and don’ts to keep in mind, so your pre-approval stands strong until you’re in your new home.

Do’s
  • Have all your paperwork prepared organized
  • Ask us questions
  • Provide all information & documents quickly
Don’ts
  • Apply for new credit
  • Spend the funds intended for your closing cost
  • Make any large purchases
  • Co-sign a loan
  • Make any large deposits
  • Delay in providing documents
  • Switch jobs or quit jobs

Check out our mortgage loan playlist on YouTube to learn more about mortgages.

If you have any questions or want to start the pre-approval process, our mortgage team is available to help! Give them a call at 214-540-1717, send an email to newmortgage@r1cu.org, or visit one of our locations today.

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