Mortgage Blog

1)Don't check the credit score until the loan application.
Sometimes, it's too late when you find the credit score low. We recommend
to check the credit score at the pre-approval so that you will have enough
time to fix the score.

2)Setup the move-in time right after the close.
Please give you more "cushion" time for the loan close. You don't need to
save the rental money. The loan close may be delayed for various reasons.
You don't have to be under pressure that you will have to move out your
current rental before the loan close(and we don't know whether it will be
closed).

3)Wait till the last minute for the appraisal and inspection.
Yes, you can back out the deal before the deadline. But The inspection will
help you to find any problems for the house. The appraisal will help you to
know whether the house is worth the value.

4)Spend too much time to shop around the loan agents.
You can compare with a few agents for the rates, fees and make the decision
as soon as possible. You can ask your friends for referrals. Once you decide
to go with the agents, get the application ready and try to close the deal
asap. You have limited time to close the deal. And you don't have to stress
yourself on the rates, usually you could not get the best rates because of
the urgent schedule.