Financing Dos and Dont's
- DO pay your existing mortgage payments on time.
- DO pay all recurring debt on time. Your credit may be run again before close of escrow.
- DON'T open a new credit line.
- DON'T purchase new furniture.
- DON'T purchase or lease a new automobile. A car payment can greatly reduce a buyer's purchasing power for a home. Don't buy the car. Buy the house first!
- DON'T transfer funds without consulting your loan officer.
- DON'T change/quit your job before consulting your loan officer. (The lender may make a call just prior to funding your loan to make sure that you are still employed by the company on the loan application).
