Things to Avoid after Applying for a Mortgage [INFOGRAPHIC]

January 15, 2021 By Tami Savage

Things to avoid after applying for a mortgage. 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. The best plan is to fully disclose and discuss your intentions with your lender before you do anything financial in nature.

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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