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The 10 Commandments To Get Loan Approval

  1. Thou shalt not change jobs, quit your job or become self employed.
  2. Thou shalt not buy a car, truck, van or boat (or you may be living in it!)
  3. Thou shalt not use credit cards excessively or let current accounts fall behind.
  4. Thou shalt not spend money you have set aside for your closing costs.
  5. Thou shalt not omit debts or liabilities from your loan application.
  6. Thou shalt not buy furniture on credit (You can AFTER you close)
  7. Thou shalt not originate any inquiries on your credit (not even for a discount on those pretty shoes at the store)
  8. Thou shalt not make large deposits or withdrawals without checking with your loan officer first.
  9. Thou shalt not change bank accounts.
  10. Thou shalt not co-sign on a loan…for anyone…not even family!