Things to Avoid While Applying for a Mortgage

We understand life happens, but in an ideal situation it is helpful to avoid the following when applying for a mortgage and during the mortgage process.  If any of these occur, please let us know as soon as possible.

  • Name changes
  • Changing or quitting your job
  • Non-payroll deposits greater than 25% of your monthly income
  • Not filing tax returns
  • Making large purchases (buying a car or boat)
  • Multiple addresses (Driver’s License, W-2, Pay Stub, Tax Return)
  • Opening new credit accounts
  • Last minute requests for Power of Attorney
  • Withdrawing money from a credit account for down payment