Do’s & Dont’s … Tips For a Smooth Loan Approval

Towne Mortgage Smooth Loan Approval


  • Continue making mortgage or rent payments
  • Stay current on all existing accounts
  • Continue working at current employer
  • Keep the same insurance company
  • Continue Living at current residence
  • Continue to use credit as normal
  • Call the Loan Officer if you have any questions


  • Make a major purchase (car, jewelry, boat)
  • Apply for a new credit card (even if it says pre-approved)
  • Open a new credit card
  • Transfer any balances from one account to another
  • Pay off charge without a discussion with the Loan Officer first
  • Buy any furniture or appliances
  • Close any credit card accounts
  • Change bank accounts
  • Deposit any money other than normal paychecks
  • Max out or over charge on credit card accounts
  • Consolidate your debt onto 1 or 2 credit cards
  • Take out a new loan
  • Start any home improvement projects
  • Finance any elective medical procedure
  • Open a new cell phone account
  • Join a new fitness club
  • Pay off any loans or credit cards with discussing with the Loan Office first
  • Change jobs or retire without first discussing with your Loan Officer

Lending Manager – Towne Mortgage of The Carolinas
919-749-6090 /



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