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May 2015
Simon Says (The Do’s & Don’ts – Home Loan Rules)
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(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
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