Important tips once you get that famous “Preapproval”

  • Make sure you pay every bill on or before the due date (pay one bill late before closing and loan can get cancelled) bank checks credit prior to closing
  • Do not make any large purchases (this will affect your take home pay which will then affect your preapproval)
  • Do not deposit large sum of money (consult with your loan office prior to depositing any large sum of money – money has to be tracked – this can affect your loan)

More important tips to follow….

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