Top 10 Mortgage Don'ts in Baton Rouge Real Estate!

If you are thinking about buying a house or actively working to get ready to purchase a home, here is a list of 10 things to NOT do as you begin to work through the mortgage process:

• Don't change/quit jobs or become self-employed

• Don't be late on any credit card payments or make large credit card purchases

• Don't purchase a car, boat, RV

• Don't purchase any big ticket items (sound system, big family vacation, etc)

• Don't apply for new credit anywhere

• Don't forget any debts on your loan application (tax delinquencies, liens, etc)

• Don't make large cash deposits into your bank account

• Don't spend down your savings account

• Don't co-sign a loan for anyone

• Don't open/close or change bank accounts

In general, you want to try to 'freeze' your current financial standings while you are going through the mortgage process. We all know that life happens and things can come up, so you just need to include your mortgage lender in the discussions if you need to do any of the items noted above. Many times your lender can accommodate these changes if they know about them upfront, but may not be able to do anything about it once done without their advance knowledge.

Here are a few DO's once you are in the mortgage lending process:

• Do submit all required/requested documents to your lender as quickly as possible

• Do be responsive to any and all lender/underwriter requests for information or answers

• Do shop for home insurance quotes as soon as you have your new home under an accepted sales contract

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I'd love to talk with you about this subdivision and show you some of the homes for sale - reach out to me if interested! You can click on the link above and in order to view multiple pictures, you'll be required to register. Your contact information will come directly to me and I'll check-in with you to see if you want to speak now or if you wish to continue browsing through available listings. If you wish to continue browsing, please do so and reach out to me directly with questions or to schedule a showing.