10 Things to Avoid When Applying For A Loan
If you are going through the home buying process you’ve probably heard a lot about what you should do. But, if you are planning to get a loan to help you buy the house, there are also things you should not do. Realtor® Leslie Monaco of Greenwood Village, Colorado has compiled a very helpful list of ten things to steer clear of if you are in the midst of the loan application process”
The lending environment has changed drastically over the past three years. Now more than ever, lenders are very nervous to lend money and are tightening their guidelines. The process to obtaining financing for a home is extremely difficult and often times painful. I have listed below actions to avoid before applying for a mortgage loan and during the loan process itself. Any one of these ten things could impact your ability to qualify for a mortgage loan so it is critical to avoid any of them until after your loan has closed or your loan officer has advised you.
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