Make your transaction as smooth as butter and DON’T do these things when you are applying for a loan to buy a home!
- Thou shalt NOT change jobs, become self employed or quit your job.
- Thou shalt NOT buy a car, truck or a van (or you may be living in it)!
- Thou shalt NOT use charge cards excessively or let your accounts fall behind.
- Thou shalt NOT spend money you have set aside for closing.
- Thou shalt NOT omit debts or liabilities from your loan application.
- Thou shalt NOT buy furniture.
- Thou shalt NOT originate any inquiries into your credit.
- Thou shalt NOT make any large deposits without first checking with your lender.
- Thou shalt NOT change bank accounts.
- Thou shalt NOT co-sign a loan for anyone.
