Texas Lone Star Lending Video
5 Steps to Speed Up Loan Process
Follow these steps to speed up your home loan process and make it stress-free.
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Read the transcript
In this week's 5-Point-5, we'll learn 5 steps you can take to speed up your home loan process.
1st point: Gather your documents NOW
Before you start home shopping, take a few minutes to find your finacial documents, such as your latest pay stubs, W-2s, bank statements, and tax returns so you can share them with your lender quickly.
2nd point: Get pre-approved first
It's also best practice to get pre-approved before you start home shopping. Find out how much home you can afford so you're looking at homes in the right price range.
3rd point: Avoid financial changes
Life must continue during the loan process. However, avoid big changes, like changing jobs, opening new accounts, or making big purchases. You'll have plenty of time to furnish your home after closing.
4th point: Communicate with your lender
If an emergency happens, like you need to replace a car, communicate. Your lender often can accommodate the situation without affecting your ability to qualify.
Last point: Respond quickly
It's rarely a problem to close by your contract date, but wouldn't it be great to close early? Responding quickly to requests from your lender may make that possible.