Five "Don't Do..." After Applying For A Loan
Shared by Rancho Cucamonga Real Estate Broker Li Li Hwang
- Don't change bank accounts.
- Don't apply for new credit or close any credit accounts.
- Don't deposit large sums of cash into your accounts.
- Don't co-sign other loans for anyone.
- Don't make any purchases - including furniture, appliances, or even a car.
~ Above image and information provided by KCM ~
Bottom Line
Doing any activity mentioned above will surely affect your credit rating, and in turn, impact the interest rate and loan amount you can get. Talk to your lender first if you have to do one.
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