6 Things Not to Do When Applying for a Mortgage
Show Consistency In Your Finances
🏠 Do not make major purchases
Like furniture, appliances, jewelry, vehicles or vacations.
🏠 Don't change or quit your job
Consistency is required.
🏠 Moving large amounts of money
Consult with your mortgage professional before withdrawing, depositing into, or withdrawing from your bank account.
🏠 Do not pay off debts or collections
Unless instructed to do so by a mortgage professional.
🏠 Avoid using cash for a good faith deposit
It's difficult to verify and could result in a closing delay.
🏠 Don't pull your credit too often
This can hurt your credit score.