These are some of the common mistakes that may hinder the loan process. Before applying for a loan and during the loan process:
1. Don’t pay off bills
Your loan consultant will advise you if it’s necessary to pay off bills to help you qualify for a loan.
2. Don’t change jobs
Changing jobs before or during the loan process can create a real problem in getting qualified
3. Don’t move your money
It’s best to keep your money right where it is until your loan has closed
4. Don’t make major purchases
Adding a large monthly payment for a new car or furniture can affect the amount of home you can qualify for and can make it harder to get your loan approved.
It’s vital to the purchae of your home to communicate with your loan consultant and realtor. If anything changes — good or bad — pleae let your team know. Never hesitate to ask questions. This is one of the largest and most exciting purchases of your life; you’ll feel confident about your decision if you stay informed throughout the process.
Lets connect and schedule the time to discuss the four things to avoid before buying your new home! Feel free to contact me anytime Ric Dizon, iMortgage Long Beach (714)396-6829.
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