10 commandments of

applying for a mortgage

THOU SHALL NOT…

  1. Change Jobs, become self-employed, reduce your income or quit your job.

  2. Buy a car, truck or van. (Unless you want to live in it).

  3. Increase credit card or line of credit balances or let current accounts fall behind.

  4. Spend money you have put aside for downpayment & closing costs.

  5. Omit debts or liabilities from your mortgage application.

  6. Buy furniture/appliances before you close on your house.

  7. Originate any inquiries into your credit.

  8. Make large or cash deposits without checking with your Mortgage Agent.

  9. Change bank accounts.

  10. Co-sign a loan for ANYONE.