The Seven Don’ts When Apply for Home Mortgage.
1. Don’t change your employment status
2. Don’t make any major purchases Like (Cars, furniture, home theater, vacation, etc..)
3. Don’t increases your credit card debt or miss any payments
4. Don’t change bank accounts or make undisclosed large deposits.
5. Don’t apply for a credit card, co-sign a loan or make a credit inquiry.
6. Don’t spend money you have set aside for closing-not any, not ever.
7. Don’t delay in providing all paperwork asked for by the mortgage company
Find out what you can spend! Before you go shopping for NEW HOME.
Before starting a home search find out your loan payment and how can afford. Knowing how much a financial institution will lend you will give you a head start when purchase property.
In the process, you will find out:
- What program will best fit your needs.
- Exactly how much home or land you can afford.
- How much cash you will need for the down payment.
- The minimum down payment, and advantages of higher down payments.
