Things You Should Not Do After You Apply For Your Mortgage

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If you do anything that has anything to do with your credit or your work or the money you have planned for your down payment and closing costs, proceed cautiously and talk to your lender representative first!

of things that you should not do after you apply for your mortgage so picking just a few to discuss here is no easy task. But it is safe to say that if you do anything that has anything to do with your credit or your work or the money you have planned for the down payment and closing costs, proceed cautiously and talk to your lender representative. I mean first, before you do anything, talk to your lender rep.

But first and foremost, don’t buy anything big, don’t lend any money, don’t borrow any money, don’t change jobs or do anything that could bang up your credit score without talking to your lender rep to see what the affect will be on your mortgage candidacy.; consider that theBuying a house is an exciting event and it is easy to be swept up in the imagining of life in your new home.

Changing jobs is a definite talk-to-your-lender-first issue. Not to help you decide whether you should take the job but just to manage the logistics and timing of employment verifications and paystubs and offer letters and whatever else might be needed to paper your file. Career decisions should not be predicated on the timing of your mortgage financing, but mortgage financing can be made complicated when there is a mid-stream job change.

 

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