Читать книгу Flipping Houses For Dummies онлайн
97 страница из 103
Avoiding mistakes that can sabotage your loan approval
After you apply for a loan, resist the urge to make any life-changing decisions that negatively affect your current financial status. Major changes can undermine your efforts to secure a loan. When you’re applying for a loan, follow the advice of our friend and colleague, loan officer Marc Edelstein, with his Ten Commandments When Applying for a Mortgage Loan:
1 Thou shalt not change jobs, become self-employed, or quit your job.
2 Thou shalt not buy a car, truck, or van (or you may be living in it)!
3 Thou shalt not use charge cards excessively or let your accounts fall behind.
4 Thou shalt not spend money you have set aside for closing.
5 Thou shalt not omit debts or liabilities from your loan application.
6 Thou shalt not buy furniture, an entertainment center, a boat, or a big-screen TV.
7 Thou shalt not originate any inquiries into your credit (for example, by applying for a new credit card).
8 Thou shalt not make large deposits without first checking with your loan officer.