New Home Loan Application Mistakes Cost Money
Your Offer was Accepted and Now You Applied for Your Loan; Watch Out!
Do not apply for NEW CREDIT!
New Home Loan Application Mistakes Cost Money in addition to your dream home, preparation and information is the key to success, Your lender will do credit checks during the loan process specially at the beginning and before approving your loan, DO NOT DO ANYTHING that will negatively affect your credit rating. Applying for new credit means will have an impact on your credit score and most likely will lower it, if you're specially under tight lending conditions due to income/expenses limits, prior credit issues, too much debt, etc this will adversely affect the outcome and lender might be unable to approve loan.
Do Not Pay Off All YOUR DEBT!
In some cases, paying off debt might reduce the amount of funds needed to cover your house purchase, in addition, it might sound SHOCKING!! but, actually paying off or closing credit cards can lower your credit score.
Do Not CO-SIGN!
In addition, to having in most cases financial consequences that you might regret, in most cases it also causes personal problems that might have been avoided.co-signing is a factor when lender consider your debt-to-income ratio (in most cases, with some exceptions) and it affect your credit score, avoid co-signing any loans, specially student and car loans.
Do Not Change JOBS!
In many cases, this causes delays since the lender now needs to verify employment and other considerations might come into play as well in them making a decision to approve your loan.
New Home Loan Application Mistakes Could Cost Money and Your Dream Home
Now that you know a few things to do after a loan application for your new home, are you ready to get started with the home buying process?
Call Me for a Friendly Consultation, Always Ready to Help!
Roberto A. Sanchez - United Real Estate - North Jersey C. 973-216-1945 O. 888-501-6953 Ex. 254
I have strong commitment to real estate services that produce the results you desire and believe that if you are unhappy with the service you receive, you should have the power to FIRE your agent.
It takes a strong belief in the quality of one's service to make this kind of stand, but I never settle for less than the highest professional standards from myself and my team. We are confident you will be happy with my service and ultimately the results will show. If you’re not left with an amazingly positive experience, we haven’t done our JOB!
"Great Help, It's Hard to Find!"
My Guarantee: If you’re unhappy with the service I am providing you, I ask that you first discuss it with me because I would like the opportunity to improve. Simply tell me the problem, and give me ten days to fix it. If you are still unhappy, simply ask for an unconditional release in writing and you'll get a copy of the MLS data sheet showing "Cancelled" status within 48 hours of receipt of your request.
How many agents do you know of that are confident enough to make this kind of offer?
For a Free, NO OBLIGATION consultation, feel free to call me at (973) 216-1945 or by email: Rsanchez@robsrealtor.com Roberto A. Sanchez - Broker- Associate Dir. (973) 216-1945 United Real Estate - North Jersey
Are You In The Market For A New Home or Looking to Sell?
Let's Have a Friendly Talk!
Homes For Sale in Clifton, NJ by Zip Code
LISTINGS BY EMAIL
Be First At The Opportunity
Free New Listings Alerts
