Things to Avoid During the Home Buying Process
There are a number of things to avoid before applying for a loan and during the loan process because any one of them can greatly impact your ability to qualify.
By: Tri Pointe Connect

When you are ready to obtain a mortgage, staying educated about the best practices of a successful home purchase can help you avoid some of the most common pitfalls along the way. Here is a list of Dos and Don’ts to follow as you begin the home financing process:  


Do

  • Obtain a pre-approval
  • Continue to make your mortgage payments on time, if any
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue to use your credit cards as usual
  • Contact your Loan Consultant with any questions
  • Share your mortgage experience with family, friends, and co-workers


Don't

  • Move money around without first contacting your Loan Consultant
  • Make any major purchases
  • Pay bills late
  • Apply for new credit or open new accounts
  • Close any credit card accounts
  • Change banks or open new bank accounts
  • Max out or overcharge your credit accounts
  • Take out a new auto loan or lease
  • Make large cash deposits