RTC Mortgage Blog

Things To Avoid

December 10th, 2015 9:26 AM by Richard T. Cirelli

Things to Avoid When Applying for a Mortgage:

Buying a house is the biggest investment a person makes in his lifetime.

The 30 to 45 days in escrow are probably the most stressful days because there are so many active parts in the transaction that all lead to the dream of homeownership.

Our job as loan officers is to help families get to the finish line, but we need a commitment from the buyers as well. Here is our list of the Top Ten Things to Avoid when applying for a home mortgage:

1. Do not change jobs, become self-employed or quit your job.
2. Do not buy a car, truck, refrigerator or any other large purchases.
3. Do not use charge cards excessively or let your accounts fall behind.
4. Do not spend money you have set aside for closing.
5. Do not change bank accounts or move money around between accounts.
6. Do not stop making your mortgage payments while waiting for your refinance to go through.
7. Do not make large deposits without checking with your loan officer.
8. Do not let any other entity pull your credit until our loan closes.
9. Ensure that the application is completed fully, accurately and honestly.

Things To Do:
Shout my name and number from the rooftops once our loan closes.

If you follow these easy Top Ten Things to Avoid you will be a homeowner in no time, and the road to get there will be a lot less bumpy.

Posted in:General

Posted by Richard T. Cirelli on December 10th, 2015 9:26 AM

RTC Mortgage Blog

Things To Avoid

Things to Avoid When Applying for a Mortgage:

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