First Cumberland Mortgage

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Here are 10 helpful tips before you submit your loan application.

 

Common Mortgage Mistakes Borrowers Make

  •     Not getting pre-approved for a mortgage
  •     Not shopping around for a lower interest rate
  •     Failing to check your credit scores in advance
  •     Opening new credit cards before applying
  •     Making late mortgage payments or worse,  foreclosure/BK
  •     Not saving enough for a down payment
  •     Not seasoning your assets beforehand in a bank account
  •     Applying with limited employment history
  •     Changing jobs prior to loan application
  •     Forgetting to lock your mortgage rate
  •     Attempting to refinance after listing your home
These are just simple things to consider, if you have further questions make sure to give us a call at 931-707-1500!

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