What To Do To Avoid Mortgage Delays

Dated: 10/16/2019

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When shopping for a home you want to make sure that you have your mortgage go through smoothly. There are certain steps you can take to help make sure that there are no delays in the mortgage process. Here are some of the top steps to take to make sure that you get your mortgage done in a quick and timely manner.




Schedule Your Home Inspection & Appraisal As Quickly As You Can

Both of these are essential to avoid delays. even after an appraisal has been ordered it may take weeks for it to be returned. The sooner you schedule it the better.


Be Quick To Submit Requested Documents To Your Lender

If you take too long to return the items requested from your loan officer, such as your pay stubs, tax returns, ID, Etc., it may be difficult for you to get your mortgage done as quickly as you would like.


Avoid Buying Stuff On Credit After You've Gone Under Contract

You must ask your lender before you go and buy a new washer or furniture or a new car on credit. If you add to your credit card debt it may cause problems in the mortgage process.



Large Deposits Should Be Delayed Until After Closing

A lender must be able to Source every deposit into your bank account. Larger ones can cause red flags to come up and delay the mortgage process. Cash is especially dangerous as it is very hard for lenders to source.


Always consult with your lender if you have any questions about the mortgage process.

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