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The Do’s and Don’ts of Financing

Here are just a few guidelines to follow when applying for a mortgage.

DO’s
  • PROVIDE requested documents in a timely manner
  • KEEP YOUR ORIGINAL DOCUMENTS on hand or be able to easily access pay stubs, bank statements or other important financial documents
  • STAY LIVING at your current residence
  • Use your CREDIT CARDS as normal
  • KEEP WORKING at your current employer
  • NOTIFY YOUR LOAN ORIGINATOR of any employment changes, including pay raises, promotions, transfers, layoffs or terminations.
  • KEEP YOUR ACCOUNTS CURRENT by paying your bills on time, including your current mortgage
  • BE AWARE your credit is monitored up to the day of closing
  • PROVIDE ALL DOCUMENTS for the sale of your current home to your loan originator
DON’Ts
  • OPEN, CLOSE OR TRANSFER FUNDS between bank accounts without checking with your loan originator
  • DEPOSIT MONEY into your account (other than payroll deposits), without notifying your loan originator. Large cash deposits from the sale of personal property, require specific documentation that must be on file
  • MAKE LARGE PURCHASES: Cars, furniture, appliances may effect your loan qualifications
  • INCREASE LIABILITIES: Credit cards, student loans, or any lines of credit
  • OPEN NEW CREDIT CARDS, close credit card accounts, consolidate credit cards, max out your cards or make large purchases
  • JOIN a new fitness club
  • OPEN a new cell phone account
  • OMIT DEBTS or liabilities from your loan application
  • SPEND THE MONEY you have set aside for closing
  • CHANGE JOBS, quit your job, or become self-employed

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COMPLAINT AND LICENSING INFO

Complaints may be directed to Hallmark Home Mortgage at 855.249.7731 or an email may be sent to: complaints@1hallmark.com

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CORPORATE CONTACT

7421 Coldwater Road Fort Wayne, IN 46825
888.490.1428 | 260.469.0900

Hallmark Home Mortgage, LLC (NMLS # 53441) is an Equal Housing Lender. Hallmark Home Mortgage is not endorsed by any government agency. Reviews and comments have been submitted by customers voluntarily, are solely the views of such customers, and have been screened by Hallmark Mortgage LLC prior to publication in accordance with our guidelines. Customers were not compensated for their reviews/comments but were informed that the submittals may be used in Hallmark Mortgage LLC advertising. Hallmark Home Mortgage, LLC (NMLS # 53441) is not licensed to originate in all states. All rights reserved. NOTICE: All loans are subject to credit, underwriting, and property approval guidelines. Offered loan products may vary by state. There is no guarantee that all borrowers will qualify. This is not a commitment to lend nor an offer to enter into a rate lock agreement. Terms, conditions and programs are subject to change without notice. Certain limitations apply. Contact us for additional details. Not all offices are licensed in all states. Visit: https://www.hallmarkhomemortgage.com/disclosures for complete licensing information. Through UnitedHealthcare, UMR and HealthSCOPE Benefits creates and publishes the Machine-Readable Files on behalf of Hallmark Home Mortgage. To link to the Machine-Readable Files, please click on the URL provided: https://transparency-in-coverage.uhc.com

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  • Home
  • About
    • Leadership Team
    • Homebuying Process
    • Careers
  • Meet Our Team
  • Loan Products
  • Resources
    • Manage Account
    • Mortgage Calculator
    • eHome
    • Contact Us
    • Purchase
    • Refinance
    • New Construction
    • Homebuying 101
    • On Time Guarantee