May 2015

Simon Says (The Do’s & Don’ts – Home Loan Rules)

Simon Says (The Do’s & Don’ts – Home Loan Rules)

(DOWNLOADABLE LIST AT BOTTOM OF POST)

Remember when you were a kid and you played Simon Says? (Touch your nose – did you do it?)  Well, Get A Rate kind of has a set of home loan rules that “Simon Says” every Home Buyer should follow.

As you prepare to buy a house, here are some simple Do’s and Don’ts that we advise all home buyers to abide by for a smooth sailing mortgage process:

Simon Says Do: (Green Light!)

  • Pay All Your Credit Cards On Time
  • Keep A Positive Balance On All Checking & Savings Accounts
  • Keep Money Where it is
  • Provide Any Documentation Your Home Loan Expert Asks For In a Timely Manner

Simon Says Don’t: (RED LIGHT!!!)

  • Make Large Purchases
  • Quit Your Job
  • Open New Credit Cards
  • Make Large Deposits
  • Lie Or Omit Information
  • Co-Sign For Loved Ones
  • Change Spending Habits
  • Get Pre-Qualified

If you’re wondering how long the homebuying process will take and what to expect, check out our free Timeline Guide.

For more info or to get answers to all your questions, speak to a Home Loan Advisor today.

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