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Top 10 Mortgage Mistakes
DHI MORTGAGE
Top 10 Mortgage Mistakes
During your application process, it’s important to know what to do and what not to do.
Talk to your DHI Mortgage Loan Originator
before doing anything that could put your loan at risk.
DHI Mortgage Staying the Course Video
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1. Don't Change Jobs
This includes quitting or becoming self-employed.
2. Don't Purchase a Vehicle
Avoid large purchases until your mortgage is approved.
3. Don't Use Credit Cards More Than Absolutely Necessary
Hold off on any unnecessary spending.
4. Don't Spend the Money Set Aside for Your Closing Costs
You’ll need this money if your mortgage gets approved!
5. Don't Be Late On Any Payments
Doing so could put your mortgage qualification on hold for up to a year.
6. Don't Cosign a Loan for Anyone
This may have a negative effect on your application.
7. Don't Change Banks
This can wait.
8. Don't Make Any Unusually Large Deposits
Talk to your Mortgage Loan Originator first!
9. Don't Apply for Any New Credit
Doing so could put your mortgage qualification on hold for up to a year. If they ask for your Social Security number, they’re likely looking at your credit.
10. Don't Buy New Furniture
Wait until you’re in your new home to make large purchases.