mortgage process: Please Do Not Incur Any New Debt During the Loan Process
- 07/18/14 04:25 AM
This May Go without Saying but it does Bear Repeating It is imperative that when you are in the process of obtaining a mortgage loan that you do not incur new debt. It is even better if you don’t even have your credit pulled at all. See the image below? (Screen shot of note on the bottom of an actual pre-approval) That is at the bottom of every single conditional approval that we receive.
There is a very good reason for this. When we qualify you we calculate your debt to income ratio (DTI) and that has a lot to … (8 comments)
This May Go without Saying but it does Bear Repeating It is imperative that when you are in the process of obtaining a mortgage loan that you do not incur new debt. It is even better if you don’t even have your credit pulled at all. See the image below? (Screen shot of note on the bottom of an actual pre-approval) That is at the bottom of every single conditional approval that we receive. 
;)
;)
;)
