The 10 Commandments when Applying for a Home Mortgage

By August 6, 2017 Mortgage Tips
  • THE FIRST COMMANDMENT
    • Thou shalt not change jobs, become self-employed, or quit your job.
  • THE SECOND COMMANDMENT
    • Thou shalt not buy a car, truck, or van (or you may end up living in it!).
  • THE THIRD COMMANDMENT
    • Thou shalt not use charge cards excessively or let your accounts fall behind.
  • THE FOURTH COMMANDMENT
    • Thou shalt not spend money you set aside for closing.
  • THE FIFTH COMMANDMENT
    • Thou shalt not omit debts or liabilities from your loan application.
  • THE SIXTH COMMANDMENT
    • Thou shalt not buy furniture.
  • THE SEVENTH COMMANDMENT
    • Thou shalt not originate any inquiries into your credit.
  • THE EIGHTH COMMANDMENT
    • Thou shalt not make large deposits without first checking with your loan officer.
  • THE NINTH COMMANDMENT
    • Thou shalt not change bank accounts.
  • THE TENTH COMMANDMENT
    • Thou shalt not co-sign a loan for anyone.