The Ten Commandments of Lending

Okay so one of the guys here in my new office brought this flyer in to me.  It's a very useful tool for buyers to make sure they don't sabotage their own loan while in the process!

ten commandments

1.  Thou shalt NOT change jobs or become self-employed until after closing

2.  Thou shalt NOT buy a car, truck or van unless you plan to live in it

3.  Thou shalt NOT use your credit cards or let payments fall behind

4.  Thou shalt NOT spend any of the money you saved for your down payment

5.  Thou shalt NOT buy furniture before you buy your house

6.  Thou shalt NOT originate any new inquiries on your credit report  

(Don't test drive cars as they sometimes pull your credit without you being aware...)

7.  Thou shalt not make any large deposits into your bank account(s)

8.  Thou shalt NOT change banks or bank accounts

9.  Thou shalt NOT co-sign for anyone

10.  Thou shalt NOT purchase anything until after closing

So a big thank you to Steve Chavarria for providing this useful tool and for giving me permission to use it!

If you are thinking of moving into my area of Southern California, please don't hesitate to contact me for more local information and listings.  I will be more than happy to answer any questions and get you on the right path to homeownership!

Serving the 210 Corridor - the cities of Monrovia, Duarte, Azusa, Glendora, San Dimas, La Verne, Claremont, Upland, Pomona, Chino, Chino Hills, Rancho Cucamonga and Fontana - wherever the need arises.

Warmest Regards,

Linda K. Mayer, Realtor, SRES

License # 01767321

A Realtor you can Trust!

(626) 824-8927 Cell

LindaKMayer@live.com 

Linda's Website (Home Search

Reliable Senior Help

Daily Senior News Articles 

 

 

 

 

 

 

 
This post has been included in California Real Estate News Los Angeles County, CA Real Estate News
Post is included in group: Diary of a Realtor
Post is included in group: Blogs Happen...
Post is included in group: Realtors®
Post is included in group: Inland Empire Marketing
Post is included in group: All Real Estate - Today & Tomorrow

12 Comments on The Ten Commandments of Lending

OCT
03
Outside Blog

This is great! I need to print off these commandments for our buyers :)
12:09pm • #1
274,932 Points 5 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

Thanks, Kristy, it's really good, isn't it!  Thanks to Steve for sharing it.
12:42pm • #2
OCT
04
357,674 Points 15 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Okay...print those off. Hand them out, post them on doors. LOL 
7:28pm • #3
DEC
01
146,961 Points 1 Featured Post Called Shot Master

Linda, I am going to say that any buyer who follows these ten commandments of lending... will end up in "buyer heaver..." which, of course, means they will close on their home.
3:19am • #4
DEC
10
161,568 Points 16 Featured Posts Outside Blog Called Shot Master

Linda ~ I was just reviewing a Loan Application/Package with a client this sheet would have been perfect because I know I forgot a couple of the commandments. I'll definitely print this out for my next buyer. Thanks
12:54pm • #5
JAN
02
448,174 Points 72 Featured Posts Outside Blog Called Shot Master

Linda, Love your 10 Commandments. Congratulations on your new Ambassador Badge.
7:30pm • #6
JAN
06
347,886 Points 70 Featured Posts Outside Blog Called Shot Master

CONGRATULATIONS, Madame Ambassador!  You are truly deserving, and I'm SO EXCITED for you!
4:39pm • #7
590,749 Points 56 Featured Posts Outside Blog Called Shot Master

Hi Linda, Way to Go on earning your Orange Badge! I know you will bring a wealth of information to our community as one of our Newest Ambassadors. Congratulations!!!
7:21pm • #8
JAN
07
631,063 Points 7 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Hi Linda I love this post and am so looking forward to more .

Congratulations in your newest achievement  you are an  ActiveRain Ambassador Welcome to the Club

8:03am • #9
JAN
09
274,932 Points 5 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

Thank you - each and every one of your for your kind words!  I was so beyond excited that day that I walked around in a daze... it's a really good thing that I'm blonde and can pass that off!
3:40pm • #10
JAN
10
511,432 Points 12 Featured Posts Called Shot Master

This was great.  And, I reblogged it.  Thanks for not making it "Members only"!
9:48am • #11
383,602 Points 8 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

It is a great tool to share with buyers and hopefully they will take ti to heart. Thanks for sharing, Linda.
9:51am • #12

Login or register to leave a comment
 
Linda%20march%202012 Ambassador_large

Linda K Mayer, Realtor®, SRES SoCal 210 Corridor

Linda Mayer, SoCAL, A REALTOR YOU CAN TRUST

La Verne, CA

More about me…

License # 01767321

Address: Glendora, San Dimas, La Verne, Claremont, Rancho, Fontana, Upland, Covina, Azusa, Pasadena, Arcadia, Monrovia, Duarte, La Verne, CA, 91750

Office Phone: (909) 670-2711

Cell Phone: (626) 824-8927

Email Me

SoCAL 210 Corridor Real Estate and Local Information Blog . Feedjit Live Blog Stats


Listings

Links

Archives

RSS 2.0 Feed for this blog