Check your email and voicemail for regular updates from our team, and respond quickly to our requests for information to avoid delays in the process.
Keep your financial records close at hand in case updates are requested.
Understand that things have changed. Underwriters require more documentation than in the past. Even if requests seem silly, intrusive or unnecessary, please remember that if they didn't need it, they wouldn't ask.
Hold onto new paystubs as received. Be aware that underwriters typically verify your income and tax documents through your employer(s) and/or IRS tax transcripts.
Let us know immediately if your income changes in any way.
Let us know immediately if you have been laid off as this may affect your loan approval.
Continue saving incoming account statements. Keep all numbered pages of each statement, even if a page is blank
Provide documentation for any non-payroll deposits.
Let us know if you plan to receive gift funds for your closing. If you're receiving any gift money from relatives, they'll need to sign a gift letter and an account statement evidencing the source, which must be "seasoned" funds.
If you're renting, continue paying your rent on time and save proof of payment.
If you're selling your current residence, be prepared to show your Final Closing Disclosure (Final CD).
If you'll be renting your home, be prepared to show sufficient equity, a lease and receipt of the first month’s rent and security deposit.
Keep your credit shining by continuing to make payments on-time. Your credit is monitored throughout the process, and any negative change to your score could cause you to lose your approval.
Notify us immediately if you receive a collection letter in the mail.
Let us know if you will be out of town for your closing.
Call us -- we are here to help you throughout the process!
Don't ever be afraid to ask questions. If you're uncertain about what you need or what you should do, our team is here to help you through the process, even long before you intend to buy.
Don't increase your debt or make any major purchases on credit.
Don't make any major purchases (furniture, car, boat, jewelry) during the process.
Don't apply for any new credit, transfer card balances or close any credit card accounts. Changes in credit can cause delays, change the terms of your financing or even prevent closing. If you must open a new account (or even borrow against retirement funds), please consult with our team first.
Don't payoff any charge offs or collections unless instructed by us prior to your closing.
Don't take out any new loan or lease.
Don't let anyone pull or check your credit until after your close on your mortgage. Credit inquiries are monitored and will require explanation.
Don't co-sign for anyone.
Don't change banks, or open/close any bank accounts.
Don't make any unusual or undocumented bank deposits, or transfer unexplainable monies from accounts (payroll deposits are explainable). Primarily large but sometimes even small deposits must be sourced unless they are identified. Make copies of checks and deposit slips. Keep your deposits separate and small. Avoid depositing cash and will not be considered available funds.
Don't wait to liquidate funds from stock or retirement accounts. If you need to sell investments, do it now and document the transaction. Don't take the risk that the market could move against you leaving you short of funds to close.
Don't change employers or your employment status during the process without notifying us. Probationary periods, career or even status changes (such as from a salaried to a commissioned position, leave of absence or new bonus structure) can be subject to very strict rules. Our Underwriters will verbally verify your employment on the day of closing.
I really appreciate a lender that I can easily get in touch with and Alex is always thinking outside the box, backwards from yes. In short, he gets the buyer where they want to be, the closing table. Alex and his team are professional, personable and persistent. The last lender you’ll ever need.
You were beyond the best choice for being our Preferred Lender. You support us beyond belief, you help our new agents with what to say and do. You're honestly the best, and working with you and your team makes our team just that much better. People are able to see that when we promise them a date, a condition, anything... that we are able to deliver as a dynamic force. The clientele we've even built this far has been nothing short of elated to work and close with us. You're the best lender in New Orleans, and I'd shout it from the rooftops! Thank you! You and your team mean so much more to us than you'll ever know!
Working with Alex Shavirovich is always a pleasure. I refer my clients to him because I know he will do the hard work at the beginning of the approval process in order to ensure a smooth transaction. He stays on top of the process and manages the many steps of the loan efficiently. I also highly recommend Alex and his team for doing Renovation Loans. He can handle even the most complicated loans that other lenders shy away from.
I can only say that Alex and his team are great. Getting a loan can become a tedious and long process sometimes, but Alex made it happen professionally. I highly recommend Alex, I always felt his interest in me getting a home and I’m really thankful with him and all his team for all the effort they put in it.
This is my second time working with Alex - this time on a refinance. From my first call with Alex to close, it took less than a month, and it was the most smooth, stress-free experience ever. Alex and his incredible team (Armand, Kandace, Tera - all brilliant!) worked quickly and efficiently. They were in constant contact with me, and were there to answer any and every question I had. Although, I admittedly didn't have all that many questions, as they made the entire process as simple as possible for me. Can't wait to work with Alex a third time!
Alex with InterLinc Mortgage worked around the clock to make our family's dream home come true. He will seriously do everything in his power to make a deal happen, and is accessible throughout the process. I would use again in a heartbeat.
I was referred to Alex by my realtor after a few holdbacks in my previous lenders. Let me tell you our experience was the smoothest and simplest experience. I have had many loans and this by far was the least stressful one. He was always available even at times I did not expect to answer any questions that I had. He made this process the easiest and best. Excellent use of technology that did not require us to constantly go to his office. I recommend Alex to anyone looking into purchasing a home or needing any type of mortgage. I hope to be able to have this experience again.
