What to Remember when Applying for a Real Estate Loan

By
Real Estate Agent with Keller Williams Realty- Red Stick Partners

 

The Ten Commandments when Applying for a Real Estate Loan

  1. Thou shall not change jobs, become self-employed, or quit your job.
  2. Thou shall not buy a car, truck, or van (or you may be living in it)!
  3. Thou shall not use charge cards excessively or let your accounts fall behind.
  4. Thou shall not spend money you have set aside for closing.
  5. Thou shall not omit debts or liabilities from your loan application
  6. Thou shall not buy furniture.
  7. Thou shall not originate any inquiries into your credit.
  8. Thou shall not make large deposits without first checking with your loan officer.
  9. Thou shall not change bank accounts.

    10.Thou shall not co-sign a loan for anyone.

 

For additional tips regarding buying and selling visit MaketheHouseCall.com!

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Rainmaker
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Charles McDonald
Charlottesville Real Estate Solutions - Charlottesville, VA
REALTOR®, Blogger, Principal Broker®, Owner

Ten very good rules and now we all have to watch our money policies!

your friend in Charlottesville!

Jun 24, 2008 11:20 AM #1
Rainmaker
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Gene Mock
Associate Broker ~ Premier Team, KW Realty - Leesburg, VA
GRI, CRB, CRS, ABR, CIPS, TRC, SFR, SRES

great rules!  

Jun 24, 2008 12:32 PM #2
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Rainer
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Toni House

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