Mortgage Don’ts

  • Don’t lie on your mortgage application.
  • Don’t be late on your loan and credit card payments.
  • Don’t incur any new debts, charge excessively, or inquire for any new credit.
  • Don’t cosign a loan for anybody.
  • Don’t pay off your debts, consolidate your debt, or close your credit cards.
  • Don’t dispute anything on your credit report.
  • Don’t change banks, move money from one bank to another, or make any deposits besides your paycheck that are greater than $1,000.
  • Don’t change or quit your job.
  • Don’t throw away pay stubs and bank statements.
  • Don’t disregard your lender requirements.