- Lost Equity In Your Home? HARP 2.0 May Be The Answer
- Veteran Loan Information Center
- 7 Things You Should NOT Do When Applying For A Home Loan
- Special Report Exposes All Of The Terms And Fees That Are Charged To Buyers At Settlement
- The Top Mortgage Questions You Must Ask Before Applying For A Mortgage
- How To Finally Stop Renting And Own A Home Of Your Own
- Important Terms You Must Know BEFORE Obtaining A Mortgage
- Checklist Of Items Lenders Need To Approve Your Loan Application
- 12 Secrets To Lowering Your Homeowners Insurance Cost Your Agent Doesn’t Want You To Know
- Money & Time Saving Tips For A Successful Move
- Video Proof! Credit Repair REALLY Works!
- Free Credit Repair Program
- Tested and Proven Strategies For Building A Better Credit Record Faster and Easier
- How To Own A Home With Low Interest Rates And A Low Down Payment, Regardless Of Your Credit
- 3 Quick Tips For Repairing Your Credit Report
- The Dangers of Identity Theft and How to Protect Yourself!
- Fannie Mae Lookup
- Fannie Mae Homes
- Freddie Mac Lookup
- HUD Approved Condo Projects
- Huntington Beach Market Update – November 2016
- 3 Reasons To Use A Huntington Beach Mortgage Lender
- Summit Lending Mortgage Refinance - When Is The Right Time?
- Top 5 Tips For Getting VA Loans
- 4 Ways to Buy a Home With Minimal Down Payment
- 3 Helpful Tips for a First-Time Home Buyer
7 Things You Should NOT Do When Applying For A Home Loan
This is a list of things to steer clear of when you are seeking to obtain financing for a home. The following items may prove to be a detriment when you wish to move forward with the loan process.
- Don't buy or lease an auto! Lenders look carefully at your debt-to-income ratio. A large payment such as a car lease or purchase can greatly impact those ratios and prevent you from qualifying for a home loan.
- Don't move assets from one bank account to another! These transfers show up as new deposits and complicate the application process, as you must then disclose and document the source of funds for each new account. The lender can verify each account as it currently exists. You can consolidate your accounts later if you need to.
- Don't change jobs! A new job may involve a probation period, which must be satisfied before income from the new job can be considered for qualifying purposes.
- Don't buy new furniture or major appliances for your new home! If the new purchases increase the amount of debt you are responsible for on a monthly basis, there is the possibility this may disqualify you from getting the loan, or cut down on the available funds you need to meet closing costs.
- Don't run a TRW report on yourself! This will show as an inquiry on your lenders credit report. Inquiries must be explained in writing.
- Don't attempt to consolidate bills before speaking with your lender! The lender can advise you if this needs to be done.
- Don't pack or ship information needed for the loan application! Important paperwork such as W-2 forms, divorce decrees, and tax returns should not be sent with your household goods. Duplicate copies take weeks to obtain, and could stall the closing date on your transaction.
I hope you have enjoyed this special report. We currently have over 40 creative loan programs to fit your needs. Please contact us at 800-774-7650 to set up your FREE No-Obligation consultation where we will meet to tailor a program to fit your needs and comfort levels for monthly payment and investment.
Eric Gausepohl and Matt Gausepohl
2130 Main Street Suite 110
Huntington Beach, California 92648
P.S. If you would like to get started now please click the following link or image below to fill out a Free No-Obligation Secure Online Application and we will contact you to schedule a free consultation to help you get the home of your dreams with the best terms available...regardless of your credit!
VIP Unlimited Site Access Pass
You are currently logged into the VIP area of our site. This allows you to view all of our valuable information for free. Please feel free to return as often as you like to access our free insider mortgage reports and to run mortgage scenarios on our various calculators. When returning, simply use your name and email address listed below as your VIP Access Code.