Do you want to know what can ruin your mortgage process and kill your real estate deal? Using cash for the transaction! What I mean by that is if you get cash for tips, you sold items that didn’t get a receipt or you’re using cash that you had under your mattress.
 
Those things can actually kill your transaction. You’re going to want to put that cash into your bank account at least 60 days before you start your mortgage transaction. Most people buying a house immediately want to buy a new car. I have no idea why. Don’t buy that car. Don’t make any large purchases or open up any sort of credit lines before your transaction is closed.
 
If you do, make sure that you have a conversation with their Loan Officer before you do anything. Also, do not quit your job before your transaction is closed. I have closed thousands of transactions and so many customers have quit their jobs before their transaction was closed. Every Lender is going to check on your employment right before they close the loan to make sure that you still have a job.

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