Steve and Lisa's Mortgage Morsels

10 Commandments When Applying for a Mortgage Loan

June 8th, 2012 3:04 PM by Steve Iltis


1. Thou shall not change jobs or become self-employed

2. Thou shall not buy a car, truck or van unless you plan to live in it

3. Thou shall not use your credit cards or let your payments fall behind

4. Thou shall not spend the money you have saved for your down payment

5. Thou shall not buy furniture before you buy your house

6. Thou shall not originate any new inquiries on your credit report

7. Thou shall not make any large deposits into your bank account

8. Thou shall not change bank accounts

9. Though shall not co-sign for anyone, for anything

10. Thou shall not purchase anything until after the closing.

Posted in:General
Posted by Steve Iltis on June 8th, 2012 3:04 PM


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