Always Do the Right Thing.

The 10 Commandments of Home Purchasing with a Mortgage

THE TEN COMMANDMENTS when applying for a Real Estate Loan / Mortgage:

1. Thou shalt not change jobs, become self-employed or quit your job(s).

2. Thou shalt not buy a car, truck or van (or you may be living in it).

3. Thou shalt not use charge cards excessively or let your accounts fall behind.

4. Thou shalt not spend money you have set aside for closing.

5. Thou shalt not omit debts or liabilities from your loan application.

6. Thou shalt not buy furniture.

7. Thou shalt not originate any inquiries into your credit.

8. Though shalt not make large deposits without first checking with your loan officer.

9. Thou shalt not change bank accounts.

10. Thou shalt not co-sign a loan for anyone.

JUST DON’T DO IT! Your credit is checked again just before closing and any changes can affect your ability to close on your new home. ALWAYS discuss any possible changes with your LENDER FIRST!

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