When you go through the steps in obtaining a mortgage it is important to maintain your credit throughout the entire process, even after your loan is approved. Lenders may need to check your credit multiple times to verify the numbers making certain you are eligible for the loan. If you begin making large purchases or moving money around, these things can negatively affect your credit and you could potentially hurt your chances of a mortgage approval. Your credit and income is under close scrutiny so steer clear of these actions to protect your credit.


Consult Your Loan Officer If Any Of These Situations Arise:

Applying For A New Credit Card

Closing Old Credit Cards

Opening New Bank Accounts

Moving Money Between Existing Accounts

Depositing A Large Sum Of Money That Isn’t Your Salary

Purchasing Big Ticket Items

Buying Or Leasing A New Car

Switching Jobs