Las Vegas Real EstateNational Market NewsBuying and Selling TipsLas Vegas Homes

February 26, 2014

Do Not:

Transfer money between accounts, unless receiving complete documentation from your bank, itemizing all transfers.
Make unnecessary checking or savings account transactions, such as withdrawals or deposits
Leave an existing job - changing jobs may mean you don't have an appropriate work history, especially if you change fields of employment as well.
Allow your bank accounts to go into a negative balance, even if you have overdraft protection
Apply for credit in any form, including credit for major purchases (such as a car or furniture), or apply for credit to consolidate or change existing credit
Co-sign on any debt with a family member or anyone else. Even if you are not making the payments, it will affect your debt to income ratio.
Ask a tenant to move out, or give your landlord notice that you are moving out
Delay paying all debts on time
Pay a bill in collections. If about to pay a bill in collections from a collection agency, try to pay it at closing
Have a friend or family member pay for anything related to the purchase of the home (appraisal, earnest money, down payment, etc.), since gifts are only allowed under certain guidelines.
Don't lie on your loan application. Even though that sounds obvious, if you neglect to mention a debt or liability or over report your income, it's considered fraud.