WHAT NOT TO DO AFTER APPLYING FOR A HOME LOAN€¦ · DO NOT change jobs, become self-employed or...
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DO NOT change jobs, become self-employed or quit your job. Mortgage companies look at length of present employment for stability. DO NOT take on new Debt. This will affect your debt-to-income ratio and could become no longer acceptable. DO NOT move money around. This will cause many questions from an inquisitive lender. Important to not spend money set aside for closing costs. DO NOT allow unnecessary credit checks. This may leave you unqualified for your home loan. DO NOT use credit cards excessively, make late payments or payoff credit cards. Paying off a credit card may sound like a good idea, it could have negative ramifications on your pending loan. DO NOT leave out debts and liabilities from your Application. Discrepancies between your application and credit report will be questioned and may result in you not being approved. What NOT to Do After Applying for a Home Loan © 2018 American Pacific Mortgage Corporation. All information contained herein is for informational purposes only and, while every effort has been made to insure accuracy, no guarantee is expressed or implied. Any programs shown do not demonstrate all options or pricing structures. Rates, terms, programs and underwriting policies subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval. Some products may not be available in all states and restrictions apply. Equal Housing Opportunity. TONY DIAS, Branch Manager |NMLS #222836 |808.677.5626 [email protected] Now that you are well on your way to homeownership, take caution and avoid the following mistakes that can derail the process.
Transcript of WHAT NOT TO DO AFTER APPLYING FOR A HOME LOAN€¦ · DO NOT change jobs, become self-employed or...
DO NOT change jobs, become self-employed or quit your job. Mortgage companies look at length of present employment for stability. DO NOT take on new Debt. This will affect your debt-to-income ratio and could become no longer acceptable. DO NOT move money around. This will cause many questions from an inquisitive lender. Important to not spend money set aside for closing costs. DO NOT allow unnecessary credit checks. This may leave you unqualified for your home loan. DO NOT use credit cards excessively, make late payments or payoff credit cards. Paying off a credit card may sound like a good idea, it could have negative ramifications on your pending loan. DO NOT leave out debts and liabilities from your Application. Discrepancies between your application and credit report will be questioned and may result in you not being approved.
What NOT to Do After Applying for a Home Loan
© 2018 American Pacific Mortgage Corporation. All information contained herein is for informational purposes only and, while every effort has been made to insure accuracy, no guarantee is expressed or implied. Any programs shown do not demonstrate all options or pricing structures. Rates, terms, programs and
underwriting policies subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval. Some products may not be available in all states and restrictions apply. Equal Housing Opportunity.
TONY DIAS, Branch Manager |NMLS #222836 |808.677.5626 [email protected]
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Now that you are well on your way to homeownership, take caution and avoid the following mistakes that can derail the process.
