What are the Ten Commandments When Applying for a Real Estate Loan? Santa Clarita Home Buyer Update- VIDEO

Cherrie & Zach
Published on January 10, 2012

What are the Ten Commandments When Applying for a Real Estate Loan? Santa Clarita Home Buyer Update- VIDEO

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What are the Ten Commandments When Applying for a Real Estate Loan? Santa Clarita Home Buyer Update

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 closing.
5. Thou shalt not omit debts or liabilities from 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 bank accounts.
10. Thou shalt not co-sign a loan for anyone.

Purchasing a home can be a tough process. There is no need losing your dream home due to a unfortunate maneuver. Educate yourself and don’t let buying a home be a stressful process
If you have any questions please email ZachMc@kw.com

 

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What are the Ten Commandments When Applying for a Real Estate Loan? Santa Clarita Home Buyer Update- VIDEO
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