A Few Dos And Do Nots While Your Purchasing A Home

Dated: 11/21/2014

Views: 245

So you have your dream home under contract. Want to keep things going smoothly. Here are a few tips your lenders would recommend to make sure your credit score doesn't change enough to lose your loan.
Do List
Disclose everything, be transparent
Continue to save money
Ask questions - don't assume anything
Stay current on your payments
Provide all documents and fulfill all conditions ASAP
Do Not List
Do not quit you job, or change jobs or become self employed
Do not take unpaid vacation or leave
Do not make any significant purchases until after closing (Do not by new furniture or a new car)
Do not transfer money between accounts without talking to your loan officer first
Do not sell items without proper documentation, have a paper trail
Do not apply for any kind of credit
Do not increase balances on any credit account
Do not make any large deposits into your bank account
Do not co-sign for anyone for aby reason

Follow these simple rules for a smooth transaction with your lender

Click Here to find the Value of Your Home

Michael Eisenberg

Michael was born and raised in Brooklyn NY. He graduated from Brooklyn College with a degree in Mathematics. His first job out of college was as an engineer tracking satellites. His last career before....

Latest Blog Posts

JBLM House Hunting Resources

JBLM (JOINT BASE LEWIS MCCHORD) HOUSE HUNTING GUIDEWelcome!  I've gathered together here all the resources you could need for your home search around the JBLM (Joint Base Lewis McChord)

Read More

Bellingham Real Estate Market Report August 2017

Here's a quick look at the Bellingham Real Estate Market Report for August 2017 for residential home sales.The number of residential sales for the month was 114 that is 11 less than August 2016 and

Read More

Bargain Priced Total Remodel In West Seattle SOLD Sep 6 2017

WEST SEATTLE GEM.  A TOTAL REMODEL.I recently held open this beautifully and totally remodeled house at the south end of West Seattle.  Even the wiring and plumbing was replaced.  A

Read More