• Call Lenders so that you can compare their pre approved personal loan programs and rates.
• Make sure that you select pre-approved personal loans that are most suited to meet your financial requirements.
• Learn to wait .The pre approved loans processes and paperwork would take nearly up to three weeks to complete, depending upon both the lender and the type of transaction.
• Depending upon the lender of the approved personal loan, you may be required to pay upfront fees for processing, or appraisal. Do shop around, and ask if there is a refund of these fees, if this transaction does not go through.
• Provide your lender with a copy of your pay stubs, corporate returns (if you own a corporation) and federal tax returns of the last two months, profit and loss financial statements if you are self-employed, a copy of your purchase agreement, if applicable your bankruptcy papers, the bank statements of the last three months, and your loan application duly completed.

Before the Loan has been approved

• You, the borrower, must ensure that there would be no problems associated with the home, for example, right of way issues, liens so outstanding that they cannot be paid while closing, any pending lawsuits, etc. That is, the title of the home must be cloud-free.
• Your credit record would be checked again, before closing (the deal), to ensure that it has not changed in a negative way.
• As the loan commitment letter would be issued only after the bank is sure that it will lend, make sure that the commitment date on your contract is closer to the date of closing, than to the date on which you had made the offer.