Last week we offered up five first-time homebuyer tips on how to spruce up your credit and finances before applying for a mortgage. Here are four more suggestions to get acquainted with before you start house hunting!
Don’t switch jobs.
How much money you make is a significant factor in getting pre-approved for a home loan, but surprisingly, it’s not the most critical part of your home loan application. For a lender to hedge their bet that you’ll be a good candidate to make on-time, monthly payments, a mortgage underwriter carefully reviews the stability of your income and the likelihood that it will remain healthy and consistent.
Continue reading Don’t Do This! More money tips for mortgage seekers at Movement Mortgage Blog.
from Movement Mortgage Blog https://ift.tt/2RbhBZZ
via Zero Mortgage Insurance
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