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Loan Do’s & Don’ts

Photo of U.S. Dollars and the words "Loan Do's and Don'ts"Looking to buy a Silicon Valley home? There are some important loan do’s and don’ts to be aware of. I’ll go over them briefly here:


  • Tell the loan officer everything; disclose all potential problems with regard to credit, employment, and source of funds.
  • Disclose all income and debts.
  • Disclose all sources of funds.
  • Ask questions.
  • Bring a cashier’s check to the closing or arrange ahead of time to wire the funds to title.
  • Disclose alimony and child support.


  • Incur additional debt while loan is in progress.
  • Apply for new credit during the application process.
  • Change employment while loan is in process.
  • Transfer funds between depositories without keeping detailed records.
  • Make any large purchases during the loan process. Wait until the sale is complete and you have the keys.
  • Procrastinate providing information when requested.
  • Change loans in escrow, this will usually cause a delay in closing and could potentially be expensive for you.