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The Don'ts When Applying for A Real Estate Loan

By
Real Estate Broker/Owner with Frank Rubi Real Estate, LLC La Broker 09995688826

Frank Rubi Real Estate, LLC
 Great Louisiana Homes

Greater New Orleans | Baton Rouge 

  Metairie | Kenner

 

What That House Worth?

 THE DON'TS When Applying for a Real Estate Loan 

BUYERS Buying a new home in Greater New Orleans and Baton Rouge, here is a list of DON'TS. Do not do any of these things. It will stop your dream of owning a NEW HOME.  

1. Buyer(s) will not change jobs, quit your job or become self-employed.

2. Buyer(s) will not buy a car, truck, motorcycle. 

3. Buyer(s) will not use credit cards, open new credit lines or fall behind on current payments.

4. Buyer(s) will not spend money set aside for money for closing.

5. Buyer(s) will not omit debts from loan application

6. Buyer(s) will not BUY FURNITURE

7. Buyer(s) will not Large Deposits without checking with your Loan Officer.

8. Buyer(s) will not Change Bank Accounts

 

Hire a Mandisonville |Covington | Baton Rouge Real Estate Broker who can explain the importance of common sense tips in Selling property in St. Tammany Parish, St Charles or Jefferson Parish and Baton Rouge. As a Realtor I receive stats on today’s Real Estate trend and will make sure your selling or buying efforts are up – to – date with what Buyers and Sellers are looking for.

Feel free to call me if you need a better understanding of the financial implications of purchasing property. 

If you are thinking about buying or selling a home in St. Tammany |Jefferson Parish, or any of the surrounding parishes.

 

 Drop Me a Note or Call

 

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SearchNewOrleansRealEstate.com

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How Much Is Your Great Louisiana Home is Worth

 

Frank Rubi Real Estate, LLC

 

504-319-9696

What That House Worth? 

 

Comments(4)

Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Great post, Frank. I have two documents I hand out to my clients on the same theme--one is called "The 10 Commandments of Buying a Home" and the other is called "Don't Get Yourself Into A Pickle."

Mar 24, 2016 01:45 AM
Frank Rubi

Nina, I have a very similar doc. BUT some just don't get it. 

Mar 24, 2016 01:59 AM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

My lenders tell the borrower and I remind the more than once. Some just don't get it. Good reminder here, Frank.

Mar 24, 2016 01:54 AM
Frank Rubi

Debbie, I know I will lose about 3 deals this year due to Buyers not doing what their suppose to do. I am actively trying to cut this number down. 

Mar 24, 2016 02:01 AM
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

This is good advice for Buyers Frank Rubi and it's always amazing when you get to the closing table and your buyer arrives in a brand new pickup truck.

Mar 24, 2016 02:00 AM
Frank Rubi

Bob I know that feeling about the truck. You couldn't wait one day... Have a Happy Easter. 

Mar 24, 2016 02:03 AM
Doug Rogers
RE/MAX Coastal Properties - Destin, FL
Your Real Estate Resource!

Prior to becoming an agent, we had our house on the market. The buyer purchased an Acura ten days prior to closing. You can guess what happened to her loan...

Jun 09, 2016 11:00 PM