Thinking about buying a new home? Getting pre-approved by a really competent mortgage officer is the way to start. Here is a great message from Meryl Watson, Mortgage Officer at Cape Cod Five: Words to live by in the mortgage approval process: 10 Commandments When Applying for a Mortgage Loan Thou shall not change jobs or become self-employed Thou shall not buy a car, truck or van unless you plan to live in it Thou shall not use your credit cards or let your payments fall behind Thou shall not spend the money you have saved for your down payment Thou shall not buy furniture before you buy your house Thou shall not originate any new inquiries on your credit report Thou shall not make any large deposits into your bank account Thou shall not change bank accounts Thou shall not co-sign for anyone Thou shall not purchase ANYTHING until after the closing FROM THE OFFICE OF: MERYL WATSON SERVING FALMOUTH & MARTHA’S VINEYARD 763 MAIN STREET, FALMOUTH, MA 02540 CELL: (508)274-2136 EMAIL: mwatson@capecodfive
Posted on: Thu, 01 Jan 2015 22:51:45 +0000
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