Commandment #7: Thou shall not originate any inquiries into your credit. What does that mean? Well, that basically means after you’ve got your mortgage approval and you’re all ready to go and everything’s set to close. The last thing you want to do is have a whole bunch of credit inquiries into your credit ...
Continue ReadingCommandment #5 Now, this is Commandment #5 Thou shall not omit debts or liabilities from your loan application. So it’s very important that when you fill out a mortgage application, you tell the truth. Because here’s the thing somewhere along the line, we are going to find out the truth. We’re going to ...
Continue ReadingCommandment #6 Thou shalt not buy furniture on credit Now this is a big one because nothing scares me more than hearing…”Don’t pay a cent event!” Okay, We run into these all the time and what happens is people get excited. They go out, they made an offer ...
Continue ReadingCommandment #4 Hey there. So Commandment #4 Thou shalt not spend money set aside for closing. You have set aside money for closing. Very, very important. We see this happen quite a bit. Believe it or not. So you’ve made an offer on a property and you’ve got your ...
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