APPLYING for Mortgage? THE Don’ts

Owning a home is a great opportunity that comes with many advantages. A significant percentage of homebuyers opting to finance, in this blog, we will provide the TOP THREE DON’Ts

Do not apply for new credit
Do not change jobs
Do not transfer large amounts of money to your bank account without a paper trail

Once a buyer closes on a property, buyers are eager to purchase new furniture, new car, etc. to enjoy their new home. Before one does, it is a good idea to check with the lender on the restrictions they might have placed. Some of the limits after closing includes,
Do not change jobs
Do not refinance
Do not apply for HELOC* and other credit
*Home Equity Line Of Credit

If you are in the market to buy or sell, contact Poogle (972)4087402, an experienced and knowledgeable REALTOR(R).

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