Do’s and Don’ts To Get Final Loan Approval

When you are buying your first home, it is important to be prepared for the process and understand what to expect. The following are some tips for first time homebuyers buying a home in the Dallas area.

Be aware that the mortgage can be denied after pre-approval for reasons that are common such as change of employment, negative item on credit, additional debt(s), issues with the appraisal, etc. It’s important to work closely with your Loan Officer to avoid any surprises and make sure you have everything in order.

Your loan officer will be guiding you through the process and help you get final loan approval.

Do’s and Don’ts After Applying for a Mortgage Information for Homebuyers presented by Oleg Sedletsky, Realtor in Dallas TX

While in the final home loan approval process, there are common DO’s and DON’Ts that you need to be aware of.

The DO’s:

  • • DO: Keep copies of the documents your lender requests.
  • • DO: Send your lender and title company any and all amendments/changes *must go to appraiser!!*
  • • DO: Discuss ANY employment changes (even promotions) with your lender.
  • • DO: Discuss any large/cash deposits with your lender.

The DON’Ts

  • • DON’T: Make any LARGE purchases or transfer money until discussed with Loan Officer.
  • • DON’T: Open any additional credit tradelines or cosign until discussed with Loan Officer.
  • • DON’T: Pay off/close any credit tradelines until discussed with Loan Officer.
  • • DON’T: Accept job changes/promotions/ RETIRE until discussed with Loan Officer.

By following these tips, you can increase your chances of getting final loan approval and buying the home of your dreams.

Are you ready to experience the joy of homeownership in the vibrant Dallas-Fort Worth area?

Whether you’re in search of an existing home or a brand-new construction, rest assured that I’m here to assist you every step of the way.
With a dedicated Realtor by your side, the home-buying process becomes a breeze. Say goodbye to stress, and let me handle all the intricate details on your behalf.

Getting the guidance you need is as simple as filling out a brief questionnaire on my Homebuyers contact form. From there, I’ll take care of everything, ensuring a seamless and hassle-free journey towards finding your dream home.

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Realtor, Accredited Buyer Representative is Helping to buy a Home in Dallas-Fort Worth.

Check out my other articles for more helpful information about the home-buying process.

For many, buying a home for the first time can seem like a daunting task.  Rest assured, it doesn’t have to be, and I’ve got you covered! Being a confident home buyer starts by understanding the simple basics and increasing your awareness of what to expect during the home buying process. Once you become an informed first-time homebuyer, you will reduce your stress, increase your confidence, and be one step closer to owning your first home.

Get your home buying jump-start right now by checking out my other articles linked below.

The Process Of Buying A House in Dallas Texas

How Long Does It Take To Buy A House in Dallas?

Professionals You Deal with When Buying a House

6 Reasons Why You Need A Realtor® To Buy A Home In The Dallas Area

Pre-qualified vs Pre-approved

What Documents Do You Need To Apply For A Mortgage?

Do’s and Don’ts After Applying for a Mortgage

What Happens Next After You Sign a Home Purchase Contract?

A Practical Guide for First-Time Home Buyers in Dallas: 10 Things to Do Before Buying a Home to Avoid Costly Mistakes

A First-Time Homebuyer’s Guide to Earnest Money and Option Fee when Buying a Home in the Dallas, Texas area

Closing on a Home in Dallas Texas – What to Expect and How it Works. Step-by-Step Guide

Closing Costs: What are they, How much money do you need to buy a home? A Complete Guide for First Time Home Buyers in Dallas Fort Worth


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The Buyer’s Agent Duty

READ: Texas Real Estate Commission Information About Brokerage Services

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant’s agent by agreeing to represent the buyer, usually through a
written representation agreement. A buyer’s agent must perform the broker’s minimum duties above and must inform the buyer of any
material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or
seller’s agent.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents):
Put the interests of the client above all others, including the broker’s own interests;
Inform the client of any material information about the property or transaction received by the broker;
Answer the client’s questions and present any offer to or counteroffer from the client; and
Treat all parties to a real estate transaction honestly and fairly.

Home Buyer Experience Testimonial on Closing day