Keep Your Current Employment During the Loan Process
Many people make career changes throughout their lives, and if you’re planning on making one, then you’re better off waiting until the loan has closed. Your job and the money you get from it play a huge role in the loan process. If you change your job, especially during loan approval and closing, then your loan’s closing timeline can be affected and impact your ability to close. However, keeping your current job may be out of your hands. If this is the case for you, notify your loan team about any employment changes right away.
This might be the most important tip out of all of them. As you go through the mortgage process, your loan originator will do their best to make everything as clear as they can for you. They should make you comfortable about your loan and fully inform you about the loan process. However, if you ever get to a point where you are unsure of something or think something isn’t as clear as it should be, don’t be afraid to ask questions. At First Option Mortgage of Indianapolis, we’re here to help you and answer any questions you may have.