Top 10 Things to Avoid Before Applying for a Mortgage:
As a homebuyer, you don’t want anything to jeopardise your chances of closing on the home you’ve selected. Making any of the following mistakes could reduce the amount of financing you qualify for, result in a higher interest rate on your mortgage or cause a lender to reject your mortgage application.
- Racking up Debt
- Forgetting to Check Your Credit
- Falling Behind on Bills
- Maxing out Credit Cards
- Closing a Credit Card Account
- Switching Jobs
- Marrying Someone With Bad Credit
- Co-Signing on a Loan
- Making a Major Purchase
- Making Big Deposits
Want further info? Message me or Send an email to: beataw@dominionlending.ca