Three things to avoid before getting a mortgage:
AVOID CLOSING OUT ANY CREDIT LINES
Closing credit lines removes payment history which makes up 35% of your credit score. Closing out any accounts can drop your credit score.
AVOID DECLINING INCOME
Declining income can knock you out of qualifying.
AVOID LARGE DEPOSITS 2 MONTHS BEFORE STARTING ESCROW.
Lenders want you to be able to source where your money is coming from.
Please click here to contact a Pacific Property Loans’ Loan Officer to learn more.