Massachusetts home buyers must keep in mind that certain personal and financial moves may hurt their chances of or disqualify you from obtaining a mortgage loan or result in costly closing delays. Several seemingly innocent financial or personal changes by a borrower during the loan process may have unintended serious consequences. The following are just a few mistakes that will impact your ability to obtain a home loan:
• Making a large deposit will derail your home-buying dreams.
• Furnishing your new home prior to closing might make you homeless.
• No. 12 is ridiculous but true!
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"As first time homebuyers, we expected the process to be stressful, long and complicated, but with [your] help our experience was none of those things. From start to finish, the process was painless. [You] took the time to answer our many questions with detailed explanations in terms that we could easily understand." – Francesca L. & James B., Bought in Peabody, MA.
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