Applying for a home loan is one of the most important financial investments you’ll ever make. So, make sure you give yourself the best opportunity to get the perfect solution for your needs. There are some things you’ll need to try to avoid while going through the mortgage process. If you need to do any of the following, please talk with your Mortgage Banker:
- Change jobs
- Finance a vehicle
- Increase credit card balances, apply for a new credit card, or let payments fall behind
- Spend the money you’ve saved for your down payment on something else
- Finance furniture or appliances before you buy your house
- Make any large deposits into your bank account which cannot be documented
- Change bank accounts
- Co-sign for anyone or anything
You Mortgage Banker will work with you to find the best solution to fit your unique financial needs. That’s why you need to be upfront and honest with them when it comes to your financial history and what you plan on doing financially in the near future. If you are planning on financing a vehicle, for instance, make sure to let your mortgage banker know, because that could affect your credit score, and how much you can qualify for.Â