The Most Common Things to Avoid after You have Applied for a Mortgage [INFOGRAPHIC]
Anyone in the real estate or mortgage business can share a horror story (or two!) that caused someone to lose the home that they were attempting to buy. It’s one of the toughest times in our business – it’s absolutely heart-wrenching!
A buyer finds their dream home, applies for a mortgage, goes under Contract and pays for their appraisal and all inspections and then, with the lull in things to do for the new house & mortgage, goes on a spending spree! Everyone wants new furniture for their new home, new rugs, new lighting…some even feel that they have to keep up with the Jonses with a new CAR to go in their new garage!
Here are a few things you should avoid, at all costs, after applying for a mortgage:
- Yes, there’s more! Here are a few additional key things to make sure you avoid after applying for a mortgage to help make sure you still qualify for your loan when you get to the Closing table.
- After documentation is provided and Due Diligence is up, buyers often forget that changes in income, assets, or credit need to be discussed with your lender. You don’t want to unintentionally jeopardize your mortgage.
- BEFORE doing ANYTHING financial in nature, be sure to run it by your lender. In fact, my best advice is just NOT to do anything financial in nature unless your lender tells you to do so!
© Debe Maxwell | The Maxwell House Group | RE/MAX Executive | CharlotteBroker@icloud.com |Things to Avoid after You have Applied for a Mortgage [INFOGRAPHIC]
Leave a Reply