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THE TEN COMMANDMENTS OF CREDIT!

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THE TEN COMMANDMENTS OF CREDIT! Powered By Docstoc
					                        F
                        Frank Trest
                        S
                        Senior Mortgage Consultant
                        N
                        NMLS 150946
                        D
                        Direct: 706.621.6972
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                        Cell: 706.255.4490
                        Fax: 706.243.4269
                        F
                        ftrest@braydencapital.com
                        f                                                                                                      1551 Jennings Mill Road, Suite 3300-A
                        w
                        www.BraydenCapital.com/FrankTrest                                                                              Bogart, Georgia 30622




                              THE TEN COMMANDMENTS OF CREDIT!
                                  Average interest rates are low and there is money to lend!

Keep in mind your credit score plays a key role in securing a competitive rate. Make sure you
               protect it before and throughout the entire lending process.


                                                        THE TEN COMMANDMENTS
                                                       (When Applying for a Mortgage)

                             1. Thou shalt not change jobs, become self-employed or quit your job.
                             2. Thou shalt not buy a car, truck or van (or you may be living in it).
                             3. Thou shalt not use credit cards excessively or let current accounts fall behind.
                             4. Thou shalt not spend money you have set aside for closing.
                             5. Thou shalt not omit debts or liabilities from your loan application.
                             6. Thou shalt not buy furniture.
                             7. Thou shalt not originate any inquiries into your credit.
                             8. Thou shalt not make large deposits without checking with your loan officer.
                             9. Thou shalt not change bank accounts.
                             10. Thou shalt not co-sign a loan for anyone.


As a general rule, it has always been important for homebuyers to avoid doing anything that will affect
their credit during the home-buying process. Now, however, that rule is imperative as Fannie Mae has
implemented the Loan Quality Initiative (LQI), effective June 1, 2010. Designed to make certain mortgage
loans comply with underwriting requirements, one of the initiatives of LQI requires mortgage companies
to ensure no additional debt has occurred prior to closing.

Don’t jeopardize one of the most important purchases you will likely ever make. As your Mortgage Specialist, I will
work with you to anticipate and solve problems upfront and not after the transaction. Don’t trust your mortgage
to just anyone – EXPERIENCE COUNTS! We welcome working with you throughout the process of selecting and
financing your perfect dream home. Please contact us with any questions you may have.

                                                                  HAVE A GREAT DAY!
Brayden Capital Home Loans is a division of Cornerstone Home Lending. Georgia Residential Mortgage Licensee. License # 21877

				
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