Things To Avoid After Applying for a Mortgage
Posted by Lynn Alvarez on Tuesday, November 16, 2021 at 1:53 PM
By Lynn Alvarez / November 16, 2021
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Consistency is the name of the game after applying for a mortgage. Be sure to discuss any changes in income, assets, or credit with your lender, so you don’t jeopardize your application.
- Don’t change bank accounts
- Don’t apply for new credit or close any credit accounts.
- Don’t make any large purchases.
- Don’t deposit cash into your bank accounts before speaking with your bank or lender.
- Don’t co-sign other loans for anyone.
Some Highlights
- There are a few key things to make sure you avoid after applying for a mortgage to help make sure you still qualify for your loan at the closing table.
- Along the way, be sure to discuss any changes in income, assets, or credit with your lender, so you don’t unintentionally jeopardize your application.
- The best plan is to fully disclose your intentions with your lender before you do anything financial in nature.
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