What not to do when applying for a loan…

There’s a time and season for everything. When you’re applying for a new home mortgage loan is NOT the time to do any of the following things…

  1. Do not change jobs, become self-employed or quit your job.
  2. Do not buy a car, truck or van while applying for a home loan.
  3. Do not use credit cards excessively or let your accounts lag behind.
  4. Do not spend money that you set aside for closing.
  5. Do not omit debts or liabilities from your home mortgage loan application.
  6. Do not buy any furniture on credit during the application process.
  7. Do not originate any inquiries on your credit.
  8. Do not make large deposits without consulting your home mortgage loan officer.
  9. Do not change bank accounts.
  10. Do not co-sign a loan for anyone.

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