Читать книгу Flipping Houses For Dummies - Ralph R. Roberts - Страница 88

After you apply for a loan, resist the urge to make any life-changing decisions that negatively affect your current financial status. Major changes can undermine your efforts to secure a loan. When you’re applying for a loan, follow the advice of our friend and colleague, loan officer Marc Edelstein, with his Ten Commandments When Applying for a Mortgage Loan:

1 Thou shalt not change jobs, become self-employed, or quit your job.

2 Thou shalt not buy a car, truck, or van (or you may be living in it)!

3 Thou shalt not use charge cards excessively or let your accounts fall behind.

4 Thou shalt not spend money you have set aside for closing.

5 Thou shalt not omit debts or liabilities from your loan application.

6 Thou shalt not buy furniture, an entertainment center, a boat, or a big-screen TV.

7 Thou shalt not originate any inquiries into your credit (for example, by applying for a new credit card).

8 Thou shalt not make large deposits without first checking with your loan officer.

9 Thou shalt not change bank accounts.

10 Thou shalt not cosign a loan for anyone.

To simplify the loan process, supply your lender with copies of your last three bank statements and last three federal tax returns.

If your financial situation changes between the application and the time of closing, you’re legally obligated to inform the loan officer and lender of the change.