Do’s and Don’ts for a Slam Dunk Mortgage Approval
4 Keys to getting a home loan, or refinancing your existing home:
14 things NOT to do when getting a home loan:
4 Keys to getting a home loan, or refinancing your existing home:
- Keep making rent, or mortgage payment on time.
- Keep working at your current job.
- Stay current on all existing credit accounts.
- Keep saving money for closing costs, down payment.
14 things NOT to do when getting a home loan:
- Don’t deposit any cash into your bank accounts.
- Don’t buy any furniture or appliances.
- Don’t apply for any new credit cards.
- Don’t close any credit cards, or lines of credit.
- Don’t consolidate debt onto one credit card.
- Don’t max out, or go over your credit card limit.
- Don’t pay off any loans, unless required by lender.
- Don’t open new bank accounts, or change existing.
- Don’t make a major purchase; car, boat, pool, jewelry.
- Don’t transfer any balances into different accounts.
- Don’t finance any elective medical procedures.
- Don’t open a new cell phone account.
- Don’t dispute any credit issues, if an account shows disputed on your credit report, it must be paid off.