Don't make any adverse changes to your financial
"picture" during this time between approval and closing.
Innocent mistakes range from applying for a new department store
credit card, to purchasing a refrigerator for the new house, to
buying a new car, to quitting a job to go full-time into a new
business.
When you supply us information to help verify your income,
employment, assets and credit history, we will obtain a credit
report directly from the credit bureau.
Glossary
J
Judgment: a legal decision; when requiring debt repayment, a judgment
may include a property lien that secures the creditor's claim by
providing a collateral source.
Jumbo Loan: A loan which is larger than the limits set by the Federal
National Mortgage Association and the Federal Home Loan Mortgage
Corporation (currently more than $322,700 for one family dwellings) .
Because jumbo loans cannot be funded by these two agencies, they
usually carry a higher interest rate.
Equal
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