DON'T...

• Don't make changes to your employment or your income. Proof of employment stability is very important!! Even jobs within the same company can be a RED FLAG when applying for a Mortgage. Changing hours and/or commission structure can also be an issue!!!
• Don't miss payments on credit cards, mortgage or rent.
• Don't over-charge on existing credit or accounts.
• Don't close accounts. Doing so can change your credit scores. It also can disrupt your active and beneficial traceable credit history.
• Don't allow too many inquiries into your credit (exception: while in the act of searching for a Mortgage, multiple inquiries within a short period do not affect your credit score).
• Don't apply for NEW credit of any kind. That includes for furniture, appliances, cars, new leases...ANYTHING. Wait until after your Loan Closing!!! If it is a must-have item, please consult your Mortgage Lender FIRST.
• Don't co-sign on another's loan or credit. Mortgage Lenders consider this your obligation, even if you report you are not the primary responsible payee.
• Don't change banking institutions. Mortgage Lenders need to track and verify monies/assets. Changing banks makes it more difficult.
• Don't make large deposits into bank accounts without a paper trail that clearly explains where those funds came from.
• Don't make adjustments or changes in your asset or investment accounts
• Don't accept a cash "gift" without proper "gift" paperwork.
• Don't have anyone NOT involved in the actual Mortgage write or submit the Earnest Money check, without consulting with your Mortgage Lender First.
• Don't ignore requests...or delay your responses to your Mortgage Lender. Doing so can potentially delay your Mortgage Closing!!!