(310) 569-1335

the collective Realty

the collective, REALTY Blog

10 DO’s AND DON’Ts When preparing for a home loan

Posted on April 25, 2018 by Anthony Vulin in Beverly Hills, Glendale, Hollywood Hills, Market Update, Real Estate, Santa Monica, Silver Lake, West Hollywood


If you’re thinking of purchasing a home, you may have many questions. Here are a few do’s and don’ts to prepare yourself for a home loan.


Number 1: Don’t apply for new credit of any kind.

Number 2: Do keep all existing credit card accounts open.

Number 3: Don’t MAX OUT or overcharge existing credit cards.

Number 4: Do maintain your employment at your current job.

Number 5: Don’t consolidate debt to one or two cards.

Number 6: Do pay off collections, judgments, or tax liens reported within one year.

Number 7: Don’t make any large purchases.

Number 8: Do stay current on your existing accounts.

Number 9: Don’t make any large deposits into any of your accounts.

Number 10: Do call me, I am here to help you through this prosses.


Leave A Comment