Wednesday, July 27, 2011

Top 10 Do's & Don'ts When YOU are Securing a Mortgage


Here are the next 3 tips for what you should, and shot NOT do when getting your loan:

4) DON'T Max Out or Over-charge credit card accounts

Try to keep your balances below 40% of their limits throughout the loan process.

5) DON'T Consolidate Your Debt
When you consolidate all of your debt onto one or two credit cards, it will appear that you are "maxed out" on that card and you will be penalized

6) DON'T Do anything that will Raise a Red Flag 
This includes adding new accounts, co-signing on a loan or changing your name or address with the bureaus.

Stay tuned for more tips to help YOU with getting the best loan possible!



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