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Things to Avoid after Applying for a Mortgage

1/16/2021

 
Infographic: Things to Avoid After Applying for a Mortgage: Consistency is teh name of the game after applying for a mortgage. Be sure to discuss any changes in income, assets, or credit with your lender, so you don't jeopardize your application. Don't change bank accounts; Don't apply for new credit or close any credit accounts; don't deposit cash into your bank accounts before speaking with your bank or lender; don't co-sign other loans for anyone. The best plan is to fully disclose and discuss your intentions with your lender before you do anything financial in nature.

Some Highlights

  • There are a few key things to make sure you avoid after applying for a mortgage to help make sure you still qualify for your loan at the closing table.
  • Along the way, be sure to discuss any changes in income, assets, or credit with your lender, so you don’t unintentionally jeopardize your application.
  • The best plan is to fully disclose your intentions with your lender before you do anything financial in nature.

The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Cogent Real Estate Equities, LLC does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Cogent Real Estate Equities, LLC will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.

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