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Do's and Don'ts

Do's and Dont’s

At Key Mortgage, we want to ensure an effortless mortgage process.
These Do’s and Don’ts will help avoid any delays with your loan approval and 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
And most of all, don’t hesitate to call us if you have any questions or concerns at all during the loan process! We’re here to help!


Key Mortgage Services, Inc.
475 N. Martingale Rd, Suite 100, Schaumburg, IL  60173
Office:  (847) 296-5757
Copyright © 2017 Key Mortgage Services Inc., is an Illinois Residential Mortgage Licensee. License #1012 and Wisconsin Residential Mortgage Licensee. License #38345. NMLS# 155748
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