5 things buyers forget to ask their lender
5 things buyers forget to ask their lender
1. Changing jobs, becoming self-employed or quitting your job.
2. Buying a car, truck or van (or you may be living in it)!
3. Using your charge cards excessively or letting your accounts fall behind.
4. Spending money you have set aside for closing.
5. Omitting debts or liabilities from your loan application.
6. Buying furniture. You may want to wait until "after" closing before buying furniture!
7. Originating inquiries into your credit.
8. Making large deposits without first checking with your loan officer.
9. Changing bank accounts.
10. Co-signing a loan for someone.
Additionally:
When Applying for a Real Estate Loan, doing the following may lead to your loan application being disapproved
1. Changing jobs, becoming self-employed or quitting your job.
2. Buying a car, truck or van (or you may be living in it)!
3. Using your charge cards excessively or letting your accounts fall behind.
4. Spending money you have set aside for closing.
5. Omitting debts or liabilities from your loan application.
6. Buying furniture. You may want to wait until "after" closing before buying furniture!
7. Originating inquiries into your credit.
8. Making large deposits without first checking with your loan officer.
9. Changing bank accounts.
10. Co-signing a loan for someone.
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