If you are ever planning on getting a mortgage.. please read on!  This advice may seem very obvious to you, however every one of these tips at one point has resulted in a client not being able to close on a home when applying for a mortgage.  If you follow these basic steps, you’ll be worry free when going through the mortgage process!

Here are the list of things NOT to do when getting a mortgage:

DON’T  quit your job!
DON’T  make any unusually large deposits into your checking/savings accounts.
DON’T  make any changes to the purchase contract without consulting your mortgage lender.
DON’T  make any large purchases. (car, boat, jewlrey, four wheeler, trips, etc)
DON’T  apply for a new credit card. (even if it says you’re pre-approved)
DON’T  open a new credit card.
DON’T  transfer balances from one account to another (without consulting with your mortgage lender first).
DON’T  payoff charge offs without talking with your mortgage lender first.
DON’T  payoff collections without talking with your mortgage lender first.
DON’T  buy any furniture.
DON’T  close credit card accounts.
DON’T  change bank accounts.
DON’T  max out or over charge credit card accounts.
DON’T  consolidate debt.
DON’T  take out a new loan.
DON’T  start any home improvement projects.
DON’T  finance any elective medical procedures.
DON’T  open a new cellular phone account.
DON’T  join a new fitness club.
DON’T  payoff loans or credit cards without consulting with your lender first.

These items are listed because at some point or another, these items kept a client from closing.  If you have a question about something during the process of obtaining a loan, just ask!  It’s better to be safe than sorry.