10 Commandments of applying for a loan
Make sure your Financial House is in order!
1. One shall not change jobs, become self-employed, or quit one's job
2. One shall not buy a car, truck, or van (or you may be living in it)!
3. One shall not use charge cards excessively, or let your accounts fall behind.
4. One shall not spend money set aside for closing.
5. One shall not omit debts, or liabilities on the loan application.
6. One shall not buy furniture.
7. One shall not originate any inquires into one's credit.
8. One shall not make large deposits without first checking with the loan officer.
9. One shall not change bank accounts.
10. One shall not co-sign a loan for anyone.