Once Preapproved for a Mortgage DON'T Do These Things
- Inman
- Mar 24, 2017
- 1 min read
Getting a home loan these days is a very interactive process. After you have been preapproved for your mortgage you will want to refrain from the following ...
1. Do not make any major purchases (car, boat, jewelry, furniture, appliances, etc.).
2. Do not apply for any new credit (even if it says you are preapproved or “xxx days same as cash”).
3. Do not pay off charges or collections (unless directed by your loan officer to do so).
4. Do not make any changes to your credit profile.
5. Do not change bank accounts.
6. Do not make unusual deposits into your bank accounts or move money around from one account to another.
Full article on Inman. Recommended originally by Barbara Mooers on via Active Rain. Barbara is a loan officer with Primary Residential Mortgage in Tacoma, Washington.
Comments