2 Walden Ridge Drive
Suite 30
Asheville, NC 28803
Phone: 828-650-9422
Mortgage Tips
Make sure that you have all information that may be needed for the loan application (i.e. W-2s, Tax Returns, Divorce Decrees, etc). - Do not buy or lease an auto. This will increase your debt-to-income ratio and a large payment such as a car lease or purchase can greatly impact those ratios and prevent the buyer from qualifying.
- Do not change jobs. A new job may involve a probation period which must be satisfied before the income from that job can be considered for qualifying purposes.
- Do not let other companies run credit reports on you. This could possibly bring down your credit score.
- Do not buy new furniture or major appliances. If the new purchase increases your debt load, it can disqualify you from the loan or deplete your funds.
- Do not move assets from one bank to another. These show up as new accounts and complicate the application process.
- Do not attempt to consolidate bills before speaking with your lender.