Do and Don’t – Smooth Loan Process

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Anthony J Marinaccio, the Chicagoland and Chicago Mortgage Broker, has some basic home buying tips to ensure an effortless mortgage process. These Do’s and Don’ts will help avoid any delays in your loan approval and home mortgage closing.


  • Do provide all requested information and documents quickly
  • Do keep your file current with the most recent copies of your pay stubs and bank statements
  • Do continue to make all payments on credit cards, loans, and rental or mortgage accounts as agreed
  • Do keep your balances low on credit cards, even if you pay them off in full every month
  • Do realize your credit may be reviewed up to the closing date
    Do make the earnest money check for your purchase from your personal checking account
  • Do call us if you have any questions


  • Don’t apply or take out new credit cards, auto loans, or other loans until after your closing date
  • Don’t make any unverifiable or un-documented deposits into your checking or savings accounts
  • Don’t make a major purchase (car, boat, jewelry, furniture, etc)
  • Don’t pay off a collection or charge-off account
  • Don’t close any credit card accounts
  • Don’t consolidate your debt on to 1 or 2 credit cards
  • Don’t transfer funds from your business account to your personal account
  • Don’t include any seller’s personal property (furniture, machinery, etc.) in the purchase contract
  • Don’t dispute anything on your credit report
  • Don’t quit your job or start a new company
  • Don’t take cash advances on credit cards

DOs and DON’Ts

DOs and DONTs