Mortgage interest rates dropped yet again to historic lows in the last few days! If you are considering buying or refinancing, the list below might be useful as you prepare for the loan process.
THINGS NOT TO DO DURING A REAL ESTATE LOAN TRANSACTION
Below is the list of things that loan borrowers SHOULD NOT DO in the middle of a property purchase or refinance transaction.
1. Do not change jobs, become self-employed, or quit your job!
2. Do not buy a car or a van, or a truck or you may be living in it.
3. Do not use charge cards excessively or let accounts fall behind.
4. Do not spend money you have set aside for closing.
5. Do not omit debts or liabilities from you loan application.
6. Do not buy furniture.
7. Do not originate any inquires into your credit.
8. Do not make large deposits without first checking with your loan officer.
9. Do not co-sign for anyone.
10. Do not change bank accounts or move money around.
List source: tonysabella.com
Enjoy the weekend and be grateful that you aren’t shoveling snow!
Anne Loveland is a resident of Hancock Park, an avid tennis player and a Nutella nutcase. Loveland specializes in residential real estate in Hancock Park, Windsor Square, Larchmont Village and beyond, if necessary. Check back to learn why she chooses to make this community her home. You can contact Anne at HancockParkLiving.com or [email protected] DRE#01467820
About Anne Loveland
Anne Loveland is a resident of Hancock Park, an avid tennis player and a Nutella nutcase. Loveland specializes in residential real estate in Hancock Park, Windsor Square, Larchmont Village and beyond, if necessary. Check back to learn why she chooses to make this community her home. You can contact Anne via email or visit her website Hancock Park Living DRE#01467820
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