During The Loan Process

During The Loan Process

Good credit is critical when it comes to obtaining the best interest rates and terms on a mortgage.  Here are some credit do's and don't when looking for a mortgage.

- Do stay current on all existing accounts
- Do call a mortgage professional who you feel comfortable with and obtain a pre-qualification.

- Don't apply for any new lines of credit
- Don't Max out any existing credit cards- try to keep your balance 30% below their limit during the loan process.
- Don't consolidate your debts. 
- Don't close credit accounts
- Don't pay off any collections or charge-offs.


Mark Kroske Headshot
Author:
Phone: 803-920-3744
Dated: February 3rd 2014
Views: 1,269
About Mark: I was born in Pittsburgh, PA and was thankfully transplanted to SC at a young age. I grew up in Gree...

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