Do’s & Do Nots - CLS Financial
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Do’s & Do Nots

When you are starting the loan process, there are key Do’s and Don’ts to follow in order to keep the transaction running smoothly.

Tips For Success:
Things To Do And Not Do During The Loan Process

As you read through them, you will see that they are fairly common sense point, but they go a long way in keeping your loan completing successfully and on time.

  • DO STAY CALM! CLS WILL BE THERE BEFORE, DURING AND AFTER THE MORTGAGE PROCESS
  • DO PROVIDE REQUESTED DOCUMENTS IN A TIMELY MANNER
  • DO USE YOUR CREDIT AND BANK ACCOUNTS AS NORMAL
  • DO MAKE PAYMENTS ON TIME
  • DO CONTACT CLS WITH ANY QUESTIONS
  • DO REFER YOUR FRIENDS, FAMILY AND COLLEAGUES TO CLS FINANCIAL

 

  • DON’T PULL YOUR CREDIT OR APPLY FOR NEW CREDIT
  • DON’T PAY OFF COLLECTIONS OR CHARGE OFFS
  • DON’T MAX OUT OR OVERCHARGE CREDIT ACCOUNTS
  • DON’T PUT YOUR PERSONAL INFORMATION INT RATE SHOPPING SITES
  • DON’T MAKE ANY LARGE PURCHASE (CARS, BOATS, APPLIANCES, FURNITURE, ETC)
  • DON’T CONSOLIDATE YOUR DEBT
  • DON’T CO-SIGN FOR ANOTHER LOAN
  • DON’T CLOSE BANK OR CREDIT ACCOUNTS
  • DON’T MAKE LARGE DEPOSITS OR WITHDRAWALS
  • DON’T MAKE YOUR EARNEST MONEY DEPOSIT FROM ANY ACCOUNT THAT HASN’T BEEN CLS VERIFIED
  • DON’T SCHEDULE A REMOTELY LOCATED VACATION DURING ESCROW
  • DON’T CHANGE JOBS, QUITE YOUR JOB OR BECOME SELF-EMPLOYED