When applying for a mortgage, DON'T DO THIS!

By
Mortgage and Lending with Black Rose Fishing Charters and CastNCrew Fishing Show

Hi Everyone,

Greetings from Plymouth, Mass.  In 2013, underwriting for mortgages....little things matter... All eyes are on you and your actions...  So, when you apply for a mortgage, you want to get the application as clean as possible.  In the months ahead of your application, make sure that you are not late on any payments.  It may sound simple, but credit rating bureaus take those late payments very seriously!  

 

But here's a good one....DON'T QUIT YOUR JOB AFTER YOU APPLY, BUT BEFORE YOU GET YOUR LOAN COMPLETED!!!  And, if you are in the process of thinking about quitting, please talk with your loan officer before you do.  Surprises like that aren't fun!  We're here to help you; I'm here to make sure that all goes well.  There isn't much that you can hide from underwriters anymore.

 

There'll be plenty more to follow.  It's crazy weather here in Plymouth....a few days ago we had temps as low at 4 degrees...it's rising to nearly 60 today!!!

 

Come visit our new location at 26 Howland Street, Plymouth, Mass.   508-269-1882 is my direct line.  See you smiling, Rich Antonino

Rich Antonino 
Loan Officer
NMLS ID 984202

26 Howland Street
Plymouth, Ma 02360
Office:  508-746-7733
Cell/Text: 508-269-1882
Fax: 774-283-9919
rich.antonino@benchmark.us

 

 

Comments (3)

Kathy Stoltman
Balboa Real Estate - Ventura, CA
Ventura County Real Estate Consultant 805-746-1793

Rich, that just should be universally understood, but somehow it just is not.  I had a buyer (an attorney) who not only quit her job, but went out and bought a new car!  This was before the housing recession, so her lender was able to use her part time job to qualify her. She did this after I told her not to!  She quickly was fully employed again and still retains the home.

Jan 30, 2013 04:13 AM
Rich Antonino
Black Rose Fishing Charters and CastNCrew Fishing Show - Plymouth, MA
Charter Captain and Fishing Show Producer

I think this blog topic can grow and grow....there are so many people out there that you will find some crazies the more you look.  But when they "strike" home...yikes.  Up here in Mass, on the real estate side of things, prices are about where they were 10 years ago...  At least rates are great.

Jan 30, 2013 04:22 AM
Todd Clark
eXp Realty LLC - Tigard, OR
Principle Broker Oregon

Welcome to Activerain and I hope you are learning a lot and if you ever need any assistance, don't hesitate to check out my blog, email me, call me, I will be glad to help you in any way possible. Also, check out the main page of Activerain and look for the Activerain University tab, there are lots of educational webinars to help you build your business.

Jan 30, 2013 01:09 PM