Mortgage Do's and Don'ts


  • Change jobs or become self-employed
  • Spend money set aside for closing
  • Use credit cards excessively or make late payments
  • Change bank accounts
  • Have credit inquires
  • Make large purchases (cars, furniture, appliances, etc.)
  • Close any accounts (savings, checking, credit)
  • Borrow money from any source without notifying the lender first
  • Increase credit lines or open any new credit accounts


  • Be confident in your loan officer and loan before you submit a formal loan application
  • Let the lender know if you receive gift funds from anyone
  • Pay bills on time
  • Provide requested documents in a timely manner
  • Let the lender know if you plan to be out of town during the transaction
  • Understand that the lender will need to know the source of any large miscellaneous deposits