Do’s and Don’ts of the Mortgage Process

Do’s and Don’ts of the Mortgage Process

Do’s and Don’ts of the Mortgage Process

Is purchasing a home on your to-do list? If you’re like the majority of homebuyers in America, you’ll be taking out a mortgage to purchase your next home.

Here’s a list of do’s and don’ts to follow throughout the loan process:


  • Quit your job or get another job unless it is the same line of work and for equal or more money. If this happens, be sure to call your loan officer immediately to come up with a plan.
  • Allow anyone to make an inquiry on your credit report.
  • Make any major purchases such as furniture, cars, real estate, etc.
  • Co-sign for anyone else on any type of loan.
  • Apply for credit, take on additional debt or complete any other credit application.
  • Close any existing credit accounts on your credit report.
  • Charge additional debt on any existing credit account that you have.
  • Start any home improvements that are not a condition of your loan.


  • Keep all existing accounts current, such as; mortgages, car payments, and credit cards.
  • Make payments on all accounts on or before the due date, even if the account is being paid off with your new loan. If you have any problems making these payments, contact your loan officer immediately.
  • Keep copies of all paycheck stubs, bank account or asset statements, along with any statements for bills being paid off through this loan.

While this might sound intimidating, with the guidance of a local lender, you’ll be a homeowner in no time!

The information contained herein (including but not limited to any description of lending programs and products, eligibility criteria, interest rates, fees and all other loan terms) is subject to change without notice. This is not a commitment to lend. 

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