Applying for a Mortgage? Here’s What NOT to Do After You Apply!

by Albert Chen

Once your lender reviews your finances, consistency is key. Here are 5️⃣ major things to avoid during the home loan process:
🔁 Don’t change bank accounts
Switching banks can raise red flags and delay your approval.
💳 Don’t open or close any credit cards
New credit or changes to existing accounts can impact your credit score.
💵 Don’t deposit large sums of cash
Unverified deposits = underwriting headaches. Keep it clean and traceable.
✍️ Don’t co-sign on loans
Even if it’s to help someone out, it affects your debt-to-income ratio.
🛋️ Don’t make big purchases
That new couch, car, or fridge can wait! Large expenses can hurt your loan approval.
📌 Pro Tip: Before doing anything financial during the mortgage process, talk to your lender first!
Let’s keep your path to homeownership as smooth as possible 🏠✨
Need expert guidance? DM me anytime 📲
Albert Chen

Albert Chen

Broker | License ID: 723026

+1(512) 789-9899

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