Thursday, September 5, 2013

10 COMMANDMENTS WHEN APPLYING FOR A MORTGAGE LOAN



Thou shall not change jobs or become self-employed
Thou shall not buy a vehicle unless you plan to live in it.
Thou shall not use your credit cards or let your payments fall behind
Thou shall not spend the money you have saved for your down payment
Thou shall not buy furniture before you buy your house
Thou shall not originate any new inquiries on your credit report
Thou shall not make any large deposits into your bank account
Thou shall not change bank accounts
Thou shall not co-sign for anyone
Thou shall not purchase ANYTHING until after the closing