Loan Do's & Don'ts


  • Tell the loan officer everything; disclose all potential problems with regard to credit, employment, and source of funds.
  • Disclose all income and debts.
  • Disclose all sources of funds.
  • Ask questions.
  • Bring a cashier's check to the closing. Personal checks are not usually accepted.
  • Disclose alimony and child support.



  • Incur additional debt while loan is in progress.
  • Apply for new credit during the application process.
  • Change employment while loan is in process.
  • Transfer funds between depositories without keeping detailed records.
  • Make any large purchases during the loan process.
  • Procrastinate providing information when requested.