AVOID SURPRISES AFTER APPLYING FOR YOUR NEXT MORTGAGE!

1.      DON’T APPLY FOR NEW CREDIT

You could lose 10 points from your credit score for one hard inquiry!

2.      DON’T CREATE RED FLAGS

The less activity on your reports during the loan process, the better. Even something

seemingly as harmless as paying down a large credit card balance or changing your normal

pattern of credit card usage can raise red flags!

3.      DON’T MISS A SINGLE PAYMENT

Keep current on your mortgage, auto loans, credit cards and other payments. A

single late payment can drop your credit score 90 to 110 points!

4.      DON’T SWITCH BANK ACCOUNTS FUNDS

Do not switch money (funds) from one bank account to another. Avoid making cash

deposits unless you can prove where those funds came from.

5.      DON’T TRANSFER RETIREMENT ACCOUNT FUNDS

Do not transfer any funds from your retirement accounts until we talk. Find out in advance

how long it will take to process your withdrawal. It might be in your advantage to have these accounts pay directly to your escrow/title company.