While you are an initial-big date homebuyer, taking pre-recognized to own a mortgage is the first step on your journey to getting a homeowner. But simply since the you may be pre-accepted does not always mean you are closed towards the one position.
Our very own Area Loan Officer, Jen LaCroix, shows you what you should do and you will that which you must not do after you have been pre-approved having a home loan. There’s something that you would perform towards the a consistent base, but we will inquire that once you have one pre-acceptance at your fingertips, you own of into, states Jen.
Learn everything about how to proceed-and you may just what not to ever create-shortly after you may be pre-recognized having a real estate loan within our the brand new YouTube video clips:
Don’t Improve your Jobs
If, during your homebuying processes, you have made a position give that is big and higher than the employment you currently have, that’s higher! However, if you to just accept that work, that’s one thing your loan manager must be familiar with, while the that will have an impact on family income
While you are a regular W-dos employee taking paid down on a regular basis therefore need to exchange one into end up being care about-working. you need to wait with the and also make you to alter until after you have ordered your house.
We cannot bring income which had once already been W-dos and you can change to mind-operating income from inside the pre-recognition techniques, or possible no longer be eligible for resource, claims Jen.
Watch out for Tradelines on the Credit score
The audience is basing your own pre-approval off of the credit file which is within our give, says Jen.