Amherst, New York
2150 Wehrle Drive, Suite 200
Amherst, NY 14221
716-633-0501

Loan Consultants Suggest What Not to do When Buying a House July 22, 2015

Amherst, Erie
Loan Consultants Suggest What Not to do When Buying a House, Amherst, New York

We’ve all heard tips on what we should be doing if we were on the market for a house. This could be checking our credit score, hiring an agent, or browsing for properties online. But what exactly are some of the things that you should never do when buying a house? 

Premium Mortgage Corporation shares a few tips:

  • Don’t Send Off Any Red Flags on Your Credit Report: Even if you’re in a position to do so, a new credit card or large purchase could deter home loan providers from approving a home loan.
  • Don’t Switch Careers: A steady job equals stable income. Applicants will present themselves in a better light to financial institutions when they’ve maintained the same job for a few years.
  • Don’t Co-Sign Any Loans: Friends and family may request co-signatures with your A+ credit. Nevertheless, saying yes will jeopardize a new application for a home loan.
  • Don’t Close Any Existing Bank Accounts: This action may seem trivial, but when a bank account is closed, a mortgage underwriter will see this and question your financial process.
  • Don’t Pay Bills Late: Take all the necessary steps to pay your bills on time. Automatic bill pay is highly recommended.

To get in touch with a local loan officer for more tips on how to apply for home loans or mortgage refinancing, contact Premium Mortgage Corporation. 

Visit them online, or call your local branch:
Hamburg & Amherst, NY Offices: (716) 633-0501
Rochester, NY Corporate Headquarters: (545) 241-0000
Geneseo, NY Office: (585) 447-9197
Liverpool, NY Office: (315) 457-0926
Barre, Vt. Office: (802) 476-7000

Corporate Contact information:
2541 Monroe Avenue, Rochester, NY 14618
1 (877) 690-7240
NMLS# 3254 | Equal Housing Lender
Licensed Mortgage Banker NYSDFS

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