10 Commandments When Applying for a Loan
Home Loans
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Frank Perea
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June 4, 2012
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- Thou shall not change jobs or become self-employed.
- Thou shall not buy a car, truck or van unless you plan to live in it.
- Thou shall not use your credit cards or let your payments fall behind.
- Thou shall not spend the money you have saved for your downpayment.
- Thou shall not buy furniture before you buy your house.
- Thou shall not originate any new inquiries on your credit report.
- Thou shall not make any large deposits into your bank account.
- Thou shall not change bank accounts.
- Thou shall not co-sign for anyone.
- Thou shall not purchase anything until after the closing.
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