So you are approved for a mortgage, congratulations!! Here are a few tips on how to stay approved and not have any last minute hiccups just before closing your deal!

DON'T apply for any type of loan or credit card. This means don't buy a new vehicle or RV right after you send in your mortgage application or allow a creditor to pull a credit check.

DON'T make any large purchases or charge up existing credit cards.

DON'T  spend your down payment and plan to replace it before clsoing, you have to be able to prove where funds have come from!

DON'T change or quit your job until after you have moved into your new home.

DO pay existing loans and credit cards on time.

DO know that your lender/bank has the right to pull your credit report right before clsoing and if your score has dropped drastically or you have more debt than disclosed on your mortgage application they can collapse your deal.

If you have any questions once approved please ask! The conditions you had to meet to get approved have to remain in place at least until you move into your new home.  Let's work together to get you into your new home!

Call me anytime! 250-219-2323

Terri Paulovich

Peace Country Mortgages