10 Commandments When Applying For A Mortgage Loan ( What You Want To Know Wednesdays )
- Thou shall not change jobs or become self-employed.
- Thou shall not buy a car, truck, or van 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.
- Though shall not purchase ANYTHING until after the closing of the loan.
* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.
