- Do not make these mistakes and if you have any questions, please always reach out to your lender or Realtor for guidance during the escrow process.
- Do NOT quit your job, change jobs, or become self-employed.
- Do NOT buy a car, truck, or van; otherwise, count on living in it.
- Do NOT use credit cards excessively or let current bills become delinquent as it may increase your income to debt ratio.
- Do NOT spend your closing costs reserve funds.
- Do NOT omit debts or liabilities from your loan application.
- Do NOT apply for any new credit.
- Do NOT make large deposits without speaking to your loan officer first.
- Do NOT change bank accounts.
- Do NOT buy furniture on credit.
- Do NOT co-sign for anyone.