To improve your chances of loan approval:

Fill out the loan application completely. The lender needs all this information to determine your
credit-worthiness.

Respond promptly. Don't put off responding to lender requests for additional documentation. Get
the documents yourself and hand-deliver them.

Don't go on a spending spree. Before the sale is scheduled to close, the lender may check your
credit report for high credit card balances and your bank accounts to make sure you haven't
drained them.

Make sure the appraisal is done properly. The lender will order an appraisal of the home to ensure
that you don't pay too much. If the appraisal is too low, you can fight the report to prevent the
transaction from falling through.

Copyright 2008 * Century 21 - Diablo Valley Realty * All Rights Reserved

Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
When you submit your loan application on line or in
person, your lender combines the information on your
application, the results of your credit report, the
information about the property you want to buy, and your
proposed down payment to estimate your ability to pay
the money back.

If you have already gotten qualified for the mortgage, the
lender may be able to approve the application and
complete the loan within a couple of weeks. Otherwise,
loan approval can take a month or two.