Set yourself up for success! Give yourself the best possible advantage when applying for your mortgage. Avoid these common mistakes that can hinder the loan application process:
- Changing jobs, becoming self-employed or quitting your job
- Buying a car, truck, van or timeshare
- Using credit cards excessively or letting current accounts fall behind
- Spending money you have set aside for closing
- Omitting debts or liabilities from your loan application
- Buying furniture
- Originating any inquiries into your credit
- Making large or cash deposits without checking with your loan officer
- Changing bank accounts
- Co-signing a loan for anyone
You should plan to celebrate at loan closing by following these ten simple steps. Remember not to schedule a vacation around closing time!
