Top 10 Movies To Avoid When Applying for a Mortgage
Buying a house can be intimidating and stressful. At Renasant, we love to help put people in the home of their dreams, but we also know there are plenty of things that can go wrong along the way. To help you stay focused, and keep your anxiety levels down, we made a list of 10 movies you probably shouldn’t watch right before you talk to one of our mortgage loan officers. We can’t say the things in these films won’t happen, but remember, it’s just a movie.
1. The Money Pit
If there is a list of everything that could go wrong with your new home, Richard Benjamin found it and wrote “script idea” at the top. Featuring a young Tom Hanks, this film shows what happens when you don’t properly inspect a home, as well as the price that comes with such a mistake.
2. The Big Short
Yeah, so, the mortgage crisis of 2008 is still kind of a touchy subject. But, if there is any movie that could make you more wary of the mortgage process, this might be the one. If it makes you feel better, we didn’t accept TARP funds during the mortgage crisis because we believe in doing things the right way.
3. The Karate Kid
From a positive perspective, this movie provides the most comprehensive tutorial of how to “sand the floor” and “paint the fence.” But, don’t expect to become the next karate master after fixing up your new home. There isn’t always a friendly, neighborhood Mr. Miyagi to watch after your home either. Perhaps invest in a more solid home security system.
Chances of a magical board game being tucked away in the attic of your new home are pretty low, so don’t sweat the possibility of complete destruction coming to your home by way of flood and a pack of rhinos. Although, our insurance department would be happy to sell you our special safari coverage, just in case. (Note: we don’t actually have safari coverage in case you ask, but it would be a lot cooler if we did).
Essentially any haunted house movie will do the trick here. But, hey, if haunted houses are your thing, just remember: loans are subject to borrower qualifications, such as income, property evaluation, adequate equity in the home, and final approval.
6. Neighbors and Neighbors 2
At least one of your neighbors will be pretty weird. You can’t avoid that. You can, however, avoid buying a home next to a frat house.
7. National Lampoon’s Christmas Vacation
Again. We can’t stress enough that at least one of your neighbors will be pretty weird. Make sure to check certain city ordinances on Christmas lights; otherwise, you might be so lucky to have the Griswolds turn night into day for a whole month during the holidays.
8. The Purge
Although not technically a haunted house movie, this one definitely serves as a reminder to invest in a proper home security system.
9. Meet the Parents
There is nothing like having in-laws visit your new home to really tear the family apart. It’s true—now that you own a home you get to play host, even to the most unwelcome guests.
10. The Strangers
This film takes fears of home invasion to a whole new level. Although this one may not stop you from buying the home of your dreams, it certainly doesn’t make you sleep more soundly after you move in.