The Ten Commandments When Applying for a Real Estate Loan


  1. Thou
    shalt NOT change jobs, become self-employed or quit your job.
  1. Thou
    shalt NOT buy a car, truck or van (or you may be living in it)!
  1. Thou
    shalt NOT charge cards excessively or let you accounts fall behind.
  1. Thou
    shalt NOT spend money you have set aside for closing.
  1. Thou
    shalt NOT omit debits or liabilities from your loan application.
  1. Thou
    shalt NOT buy furniture.
  1. Thou
    shalt NOT originate any inquiries into you credit.
  1. Thou
    shalt NOT make large deposits without first checking with your loan
    officer.
  1. Thou
    shalt NOT change bank accounts.
  1. Thou
    shalt NOT co-sign a loan for anyone.