WHEN LENDERS REVIEW YOUR APPLICATION, THEY LIKE TO SEE CONSISTENCY IN YOUR FINANCES

  • Do not make major purchases like furniture, appliances, jewelry, vehicles or vacations.
  • Don’t change or quit your job.
  • Consult with your mortgage professional before withdrawing, depositing or moving large amounts of money in or out of your bank account.
  • Do not pay off debts or collections (unless instructed to do so by a mortgage professional).
  • Avoid using cash for a good faith deposit – cash is difficult to verify and could result in a closing delay.
  • Don’t have your credit report pulled too many times – this can hurt your credit score.

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