General Do’s and Don’ts when applying for a construction loan

Do:

-Stay in your home

-Pay your bills, especially your mortgage, on time

-Use your Credit Cards as normal, keep balances low

-Stay employed

Don’t

-Start projects on home prior to approval

-Apply for any new credit – loans or credit cards

-Make a major purchase

-Consolidate credit cards

-Move money between banks accounts

-Take in large deposits