How to Have A Smoother Loan Process
Doing your part to make sure that your finances are in order prior to applying for a loan ensures a smoother process. Here are just a few helpful tips:
- Make no major purchases such as a car prior to applying for a loan
- Have complete documentation of your income
- Check and clean up your credit before attempting to borrow
- Reduce the number of outstanding credit options: close unused credit cards
- Remain current on all your loans