The Ten Commandments When Applying for a Real Estate Loan

Services for Real Estate Pros with Senna Realty Group LLC

The Great Book has shown to be a guide. Following the ten guidelines have shown to change the way you experience life. 



The same is true for purchasing a property.

Follow these,

"The Ten Commandments When Applying for a

Real Estate Loan"

Your Home Purchasing experience will go smoother.





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 inquires 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.






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Comments (1)

Juan Bassett
Long & Foster - Germantown, MD

Thou shalt follow the ten commandments of applying for a real estate loan.  Thanks for the post Mary.

Oct 09, 2011 03:34 AM