Quick Tips | Lender Series with Eddie DeArmond

Zane Fikany July 16, 2019

So there are some things you should and shouldn’t do prior to your mortgage loan application.

Things you should not do:

  • Do not apply for other loans that could increase your debt load.
  • Do not increase existing balances or transfer balances with existing credit cards.
  • Do not miss any payments.
  • Do not deposit cash into your bank account and try to avoid doing bank to bank transfers.
  • And do not change your job or take a leave of absence.

Things you should do:

  • Do put off acquiring new debt and until after funding.
  • Do limit your credit card usage and pay your credit card balances down. But don’t close them out.
  • Do you save as much money as you can for your downpayment.

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