Best Practices after you've been Pre-Approved

After receiving your pre-approval, it's crucial to maintain stability in three key areas: income, credit, and collateral. To keep your loan process smooth, avoid making any major changes. Don’t switch jobs, especially if you have variable income. Keep your credit stable by avoiding large purchases, missing payments, or increasing debt. If your down payment changes, inform us immediately, as it can affect your loan terms. Focus on maintaining consistency until your loan closes.

Key Takeaways:

• Income: Avoid job changes, especially with variable income.
• Credit: Keep credit usage normal, and avoid large purchases or missed payments.
• Collateral: Notify us of any changes to your down payment immediately.

Contact Us for Expert Help

Questions? Reach out to us at questions@seattlesmortgagebroker.com for professional support.