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Closing your mortgage loan: 10 things NOT to do. By Shelley Sines. you while processing your loan application. That means that keeping your finances stable and being readily available to answer any questions over that 30-day time period is pretty important. Here are 10 things you should avoid.
Further, when it comes to the role of the broker, the application process is viewed as the “hardest and most stressful part”.
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There are a number of things you shouldn’t say to your mortgage lender that can lead to your loan application being denied. Don’t let it be you.. 10 things NOT to say to your mortgage lender.
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If you miss a payment during the loan application process – particularly a mortgage payment – and the lender re-checks your credit report, it could result in a much lower credit score and potentially derail your loan application. A related concern is an incorrect late or missed payment showing up on your credit report.
Here are five things to watch out for that can screw up your mortgage application without you even realizing it: 1) Depositing large sums is a no-no When considering whether to give you a mortgage, lenders will analyze your bank account over the last two months to see how much money you have and exactly where that money came from.
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