TheTen Commandments of Buying a New Home

ten-commandments1

1.  Thou Shalt not change jobs, quit a job, or become self-employed.

2.  Thou shalt not not buy or lease a new car, truck or van.

3.  Thou shalt not max out your credit cards or let any current accounts fall past due.

4. Thou shalt not spend the money you have set aside for your down payment and closing costs.

5.  Thou shalt not omit any debts or liabilities from your loan application.

6.  Thou shalt not go out and buy new furniture for your new home.

7.  Thou shalt not do anything that  that will originate an inquiry into your credit.

8.  Thou shalt not deposit any gift funds or make any other large deposits into any of your accounts without checking  with your mortgage broker.

9. Thou shalt not change bank accounts.

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

Mortgage Approved

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