The 10 Commandments When Applying For A Mortgage Loan
By Jim Poole, Zero Down, USDA Purchase Loans, FHA 203(K) Rehab & VA Streamline Loans
Thou Shalt NOT change jobs or become self employed Thou Shalt NOT buy a Car, Truck or Van unless you plan to live in it Thou Shalt NOT use credit cards or let payments fall behind Thou Shalt NOT spend the money you have saved for your down payment Thou Shalt NOT omit debts or liabilities from your loan application Thou Shalt NOT buy furniture until after the loan closing Thou Shalt NOT originate any new inquiries against your credit report Thou Shalt NOT make large deposits into or out of you checking account with out consulting your loan officer Thou Shat NOT change bank accounts Thou Shalt NOT Co-sign a loan for anyone Thou Shalt NOT purchase anything on credit until after the loan closing Thank you in advance for not making drastic changes in your finances during the mortgage process...
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