What should I not do during the mortgage process?
Answered by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
Don't open new credit, finance a car, run up cards, change jobs, or make large unexplained deposits. Each can change your DTI, score, or income and threaten your approval.
Keep your finances steady from application to closing. We give you a clear do-not-do list so nothing accidentally sinks the loan.
The don't list
Once you apply, freeze your finances. Do not open new credit cards, finance a car, or make large purchases. Each new debt changes your ratios and can shrink your approval.
Do not switch jobs, move large sums between accounts, or miss a payment. Any of these can pause or sink your loan.
The do list
Do keep paying every bill on time, save your paper trail for any deposits, and respond to our document requests the same day. Steady is the goal.
When in doubt, ask us first. Apply now and we will give you a simple checklist of what to avoid until you have the keys.