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[Music] hello this is Dale for long cabin how are you today I'm here to talk to everybody today about last minute long denials or what could cause a last minute long denial and unfortunately we none of us want you to experience that ever so the number one best thing to do is when you're working with your mortgage professional your mortgage advisor be fully transparent yet if you've opened up any new debt which I do not recommend doing during the mortgage process wait till you get the keys to the house and then go and get what you want if you want to buy a new car get a new credit card whatever the Kait buy the furniture for the house wait till afterwards especially if you're in a situation with a tight debt ratio you do not want to get to that point and not be all purchased at home the lender will find out they have mechanisms in place processes in place that alert them to those situations so you know as I tell a lot of my clients let's not rock the boat let's wait till we get to the finish line and you can do what you want afterwards another thing is you know late pace on credit maintain me you would think this is simple and he would just assume this but you can't assume anything do not keep all your bills on time don't fall behind don't accept the new jet if you accept a new job during the mortgage process more often than that you're probably even delay your closing I've had clients typically in most situations we get it 10 days before we get it clear to close or even after we get it clear to close now in a lot of cases clear to close meaning the underwriter has signed off on everything on your loan whether it's credit related income related asset related everything signed off the appraisals been approved titles been reviewed everything and then all of a sudden the very last thing they do before the closing is they do what's called a verbal verification of employment they are going to call your employer to verify that you are still working there if you have left that job assuming that you're fine because you've received a clear to close you're in for a rude awakening so please do not do that do not do that even if you have an four-letter it's not going to close they're gonna make you out of minimum wait till you received your first pay stub if not your first 30 days pay stubs and if you're in a situation where you're getting overtime before and you're at a new job they're probably only going to qualify you on your base pay so don't put yourself in that situation if you don't have to it'll make your life a lot easier as far as late payments in the last 12 months underwriters look at that very closely and they're what they're going to want to know exactly what caused it you know they're gonna want a good logical explanation and sometimes they'll make you document what you're saying so be prepared if you've had that situation to explain what the cause of it is and why it's not going to happen again more or less that's what they're looking for okay so best of luck out there when you're looking for a house keep those things in mind be smart don't rock the boat and don't hesitate to call me my name is Dale from womb cabin my phone number six three oh four seven nine twenty seven nineteen feel free to share and like this on Facebook [Music]