These are a things that actually happen so don’t laugh. Any one of these can kill your chances of closing, especially in this tighter credit market.
- Don’t omit any liabilities or debts from your application.
- Don’t make large deposits or withdrawals from you bank account without discussing this with your loan officer.
- Don’t co-sign any loans for anyone, even your Momma!
- Don’t change banks or close savings accounts.
- Don’t let the money you have saved for closing tempt you to go on spending spree.
- Don’t buy a car or other large purchase.
- Don’t buy new furniture…Buy it after closing.
- Don’t overuse your credit cards or get behind in payments.
- Don’t open new credit accounts - this originates inquiries to your credit.
- And for heavens sake Don’t quit or change jobs or become self-employed.
There are lenders in this market with money to lend. You need good credit to qualify, just like old times.
Contact me if you need a mortgage provider. I have several I can recommend.
Visit my website at www.findlowcountryhomes.com
