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How to Keep Your Mortgage Approval Approved

Posted by Bonnie Martin Designated Broker on Monday, January 14th, 2013 at 7:51am. - You know how tough it is to qualify for a mortgage.

Proof you've got a long-term job with ample income. A credit score to the moon. Your life's savings as a down payment. More cash stashed away. A debt-to-income ratio to die for. For some, tax returns for the last two years.

Once you have a mortgage approval, if you change the profile of any one of those qualifiers, you could have to kiss your mortgage goodbye. Here are some of the things you should do:

1. Avoid Big Purchases, 2. No New Credit, Pay Your Bills, 3. Keep Your Job, 4. Don't Cash Out, 5. Don't Be Stupid.

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