All Home Buyers Should Know Their 10 Commandments.
For the last 6 years I’ve spent 95% of my Wednesday mornings at Hirschi Realtors,
attending our weekly sales meeting. Recently, one of our local lenders came to talk to us about the ever changing lending market and brought with them the
For the last 6 years I’ve spent 95% of my Wednesday mornings at Hirschi Realtors,
attending our weekly sales meeting. Recently, one of our local lenders came to talk to us about the ever changing lending market and brought with them the
“10 Commandments when
Applying for a Mortgage Loan"
Although the below “commandments” are
written in a joking manner, there is certainly truth to each one. If you’ve
been preapproved to purchase a home, you’ll want to pay close attention…
10 Commandments
when Applying for a Mortgage Loan
when Applying for a Mortgage Loan
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 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
Thou shall not purchase ANYTHING until after the closing
Thou shall not use your credit cards or let your payments fall behind
Thou shall not spend the money you 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
Thou shall not purchase ANYTHING until after the closing
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