mortgage loan application: What you should know when preparing to apply for a home loan. - 12/19/10 03:04 AM

Here is a checklist of a few items you should be aware of when you are preparing to apply for a home loan.
1.  DON'T MAX OUT or OVER CHARGE on existing credit cards.
2.  DON'T CHANGE or Quit your current job.  If you do change, make sure you will get at least one pay stub from your new employer prior to your closing.  Some investors are wanting to see at least one pay stub instead of new employment contracts to verify new salary.
3.  DON'T APPLY for new credit of any kind.
4.  DON'T get PRE-APPROVED with several mortgage companies.  Several … (3 comments)