What NOT to Do When You’ve Applied for a Loan


Filed under: Home Buying Tips, Qualifying for a Mortgage Loan


So you’re ready to buy a home, you’ve found the perfect property, you’ve gotten pre-approved with a lender and the process is underway…  Fantastic!

Now, here’s a list of things you should NOT do while that transaction is in escrow.  In fact, you should avoid these things at all costs:

  1. Do NOT do anything that could negatively affect your credit.
  2. Do NOT quit your job.
  3. Do NOT make any large deposits into your bank account.

If any of these 3 things are unavoidable, you absolutely should discuss them with your lender before you take any action.  Make sure you are not jeopardizing your deal!

My video below provides more details, feel free to contact me if you have any questions.

 


Franklin Loan Center | NMLS 237653
Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, 4131316
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