Do’s & Don’ts

Here is a list of helpful tips to expedite the loan process. These Do’s and Don’ts will help avoid avoid any delays with your final approval.

DO

-try to get your loan documents and checklist items back to us ASAP
-continue making your mortgage/rent payments
-stay current on all existing credit accounts
-continue living at your current residence
-continue using your credit as normal
-keep documentation for all non-payroll deposits
-know from what account money for closing will come
-know that funds for closing need to be certified check or wire (check with your title company)
-contact us with any questions

DON’T

-make unnecessary banking transfers
-change banks during the process
-pay off any loans or credit cards without discussing with us
-make any major purchases (car, jewelry, boat, etc.)
-apply for new credit (even if already pre-approved)
-open any new credit cards
-pay off any collections without a discussion with us first
-pay off any charge without a discussion with us first
-transfer any credit balance from one account to another
-take any credit card advances
-dispute any credit accounts
-close any credit card accounts
-change employment status or compensation type without checking with us first
-start any new home improvement projects

COMMUNICATION IS KEY

Please DO contact the Pyne Team with any questions or concerns.

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