Ten Commandments When Buying a Home or Applying for a Mortgage

Ten Commandments When Buying a Home or Applying for a Mortgage

jobThou shalt not change jobs, become self-employed, or quit your job.

carThou shalt not buy a car, truck, or van or you may find yourself living in it!

credit cardThou shalt not use credit cards excessively or let accounts fall behind.

furnitureThou shalt not buy furniture with money set aside for closing.

mortgageThou shalt not stop paying your rent or current mortgage.

omitThou shalt not omit debts or liabilities from your loan application.

alertThou shalt not originate any inquiries on your credit.

loanThou shalt not co-sign a loan for anyone.

depositThou shalt not make large deposits without checking with your loan officer.

fund transferThou shalt not change bank accounts or transfer funds back and forth between accounts.

Contact us for more information about the do's and dont's in the buying process.

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