Lending Process Dos and Don’ts are good to keep in mind … not just as useful guidelines to make the borrowing process easier, but to make sure you protect your privacy and avoid violating federal lending guidelines which can have serious consequences.
To ensure you won’t fall victim to loan fraud, as you’ll see in this video, you will want to be sure to follow all of these steps as you apply for a loan:
- Be sure to read and understand everything before you sign.
- Refuse to sign any blank documents.
- Do not buy property for someone else.
- Do not overstate your income.
- Do not overstate how long you have been employed.
Lending Process Dos and Don’ts – The Key to Unlocking a Satisfying Mortgage Approval Experience
- Do not overstate your assets.
- Accurately report your debts.
- Do not change your income tax returns for any reason.
- Tell the whole truth about gifts.
- Do not list fake co-borrowers on your loan application.
- Be truthful about your credit problems, past and present.
- Be honest about your intention to occupy the house
And do not provide false supporting documents.
Honesty and full disclosure are the keys to a good mortgage experience.
At First Title & Abstract, Inc. we are the one title company in Naples who has your back.
We care about every aspect of the real estate buying process, and want to guide you along the way.
Our experienced real estate and title attorneys are here to help you with your mortgage process.
Just call us and we’ll be there … “Putting You FIRST!”