The Ten Commandments of Home-Buying

1. THOU SHALT NOT CHANGE JOBS OR BECOME SELF-EMPLOYED.

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2. THOU SHALT NOT BUY A VEHICLE OR BOAT. (OR YOU MAY BE LIVING IN IT).

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3. THOU SHALT NOT MAX OUT OR FALL BEHIND ON CREDIT CARDS.

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4.?THOU SHALT NOT SPEND ANY OF YOUR CLOSING MONEY.

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5. THOU SHALT NOT OMIT ANY DEBTS FROM YOUR LOAN APPLICATION.

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6. THOU SHALT NOT BUY FURNITURE ON CREDIT.

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7. THOU SHALT NOT ORIGINATE ANY CREDIT INQUIRIES.

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8. THOU SHALT?NOT MAKE LARGE BANK DEPOSITS. (CHECK W/ YOUR L.O.)

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9.?THOU SHALT NOT CHANGE BANK ACCOUNTS.

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10.?THOU SHALT NOT C0-SIGN A LOAN FOR ANYONE.

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Mark Adams

Fractional COO, Scena | Digital Strategist | Full Stack Collaborator with data-driven strategy playbooks that boost conversions with SEO, PPC, CRO, UX & Video with brand clarity & positioning to engage, and drive growth.

2 年

Love #8. If you are putting down an Earnest money deposit - please document where the funds came from and get those complete 30 day bank statements on the proper format.

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