Posts Tagged ‘mortgage loans’

Real Estate Buyer’s 10 Commandments

October 7, 2009

1.  Thou shalt not change jobs, become self-employed or quit your job.

2.  Thou shalt not buy a car, truck or van (or you may be living in it).

3.  Thou shalt not use charge cards excessively or let your accounts fall behind.

4.  Thou shalt not spend money you have set aside for a down payment and closing fees.

5.  Thou Lola and meshalt not omit debts or liabilities on your loan application.

6.  Thou shalt not buy furniture.

7.   Thou shalt not originate any inquiries into your credit.

8.  Thou shalt not make large deposits without first checking with your loan officer.

9.  Thou shalt not change/close bank accounts.

10. Thou shalt not co-sign for anyone.  You may become responsible for the debt.

Advertisements