Home » Blog » Loans » TEN COMMANDMENTS WHEN APPLYING FOR A MORTGAGE
#1) Thou shalt NOT change jobs, become self-employed or quit your job.
#2) Thou shalt NOT co-sign a loan for anyone.
#3) Thou shalt NOT buy a Vehicle (or you may be living in it)!
#4) Thou shall NOT use charge cards excessively or make late payments on ANY of your accounts.
#5) Thou shalt NOT spend money you have set aside for closing.
#6) Thou shalt NOT omit debts or liabilities from loan application.
#7) Thou shalt NOT buy furniture, appliances, or household items before closing.
#8) Thou shalt NOT originate any inquiries into your credit.
#9) Thou shalt NOT make large deposits without first checking with your mortgage consultant.
#10) Thou shalt NOT change bank statements.
BOTTOM LINE….it’s best to call or email me before you do any of the above. I can review your plans and determine how it might affect the mortgage process