Things To Avoid Once You’ve Applied For A Mortgage.

Congratulations! You’ve found a home to buy and have applied for a mortgage. This is an exciting time, however, once you’ve applied for a mortgage, there are a few things to keep in mind, at least until closing. Here are six things you should never do after you apply for a mortgage.

1. DON’T: Apply for new credit.
2. DON’T: Make any large purchases.
3. DON’T: Change jobs.
4. DON’T: Make large deposits or withdrawals.
5. DON’T: Close credit accounts.
6. DON’T: Change your bank account.

The reality is that lenders keep a watchful eye on your credit score and finances all the way up to closing. Make sure you check with your loan officer or mortgage broker before doing anything that could impact your being able to close on your new home.

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