The Jerry Pounds Mortgage Playbook: 90, 60, and 30 Days Out
90 Days Out — Foundation Phase
Goal: Clean up the financial picture.
Check Your Credit Report for Errors
Start by pulling your credit report. Look for inaccuracies like incorrect balances or accounts that don’t belong to you. Catching these early gives you time to dispute errors and boost your credit score before applying.
Start Tracking Monthly Expenses
Keep a close eye on your spending. Understanding your debt-to-income ratio helps you see where you stand and identify areas to improve.
Avoid Large Purchases
Even small purchases like furniture, electronics, or a new car can affect your approval. Hold off on big expenses until after your mortgage closes.
If Possible, Pay Down Revolving Debt
Reducing credit card balances improves your utilization ratio and strengthens your credit profile.
Begin Saving Aggressively
Start putting money aside for your down payment and closing costs. The earlier you start, the more flexibility you’ll have.
Call Jerry for a Game Plan
Schedule a call to review your finances. Jerry can help identify any red flags and outline the best strategy for your situation.
60 Days Out — Optimization Phase
Goal: Strengthen your financial position.
Get Pre-Pre-Qualified
A soft check with Jerry gives you an estimate of how much you might qualify for. It’s a low-pressure way to understand your buying power.
Stop Applying for Any New Credit
New credit inquiries can impact your score. Avoid opening new accounts during this phase.
Collect Basic Documentation
Start gathering your pay stubs, W-2s, bank statements, and employment history. Having these ready early prevents delays later.
Stabilize Income Sources
Avoid job changes or major shifts in income if possible, as lenders prefer consistent earnings.
Organize Deposits
Ensure all funds are documented and seasoned—no “mystery money.” Keeping clear records avoids questions during underwriting.
30 Days Out — Action Phase
Goal: Get officially ready to apply.
Schedule Your Official Pre-Approval With Jerry
This is the formal step where your application moves forward. Timing is key in competitive markets, and Jerry ensures everything is lined up for a smooth process.
Lock Down Spending
No new debt, no sudden cash withdrawals, and no large purchases. Consistency now is critical.
Verify All Accounts Are In Order
Double-check that all documentation is complete and current.
Review Loan Type Options
Consider FHA, Conventional, VA, or other kinds of loans. Jerry will walk you through the pros and cons, especially for Pittsburgh buyers, and help you choose the best fit.
Run Your Budget Again
Confirm that your ongoing income and expenses align with your mortgage plan, factoring in current rates and market conditions.
Final Tips From Jerry
Keep Communication Open: Jerry and his team will regularly check in with you to address questions or concerns.
Your Lender is Your First Call: Don’t wait until the last minute if issues arise—Jerry can guide you quickly.
Avoid Common Pitfalls: Following this 90-day playbook reduces the risk of delays and stress.
A smooth pre-approval is entirely possible with preparation and the right strategy. By following this 90-day Mortgage Playbook, you’ll set yourself up for a faster, more confident path to homeownership.
Ready to start your own 90-day plan? Schedule a discovery call with Jerry Pounds today and take the first step toward a stress-free mortgage approval.
