Do's and Don't During the Mortgage Process

Dated: 11/14/2019

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Do’s and Don’ts during the mortgage process:


  • Do stay current on existing credit accounts. One 30 day late notice can compromise your ability to be approved.
  • Do continue to use your credit as normal. Changing your pattern will raise red flags & can lower your credit score.
  • Do contact your mortgage loan officer first. For any questions or concerns.
  • Do save the paper trail of any large deposits into your bank account.


  • Do not change jobs, become self-employed or quit your job.
  • Do not make any large purchases such as vehicles or furniture.
  • Do not max out credit cards. Do not use more than 30% of your available credit limit during the loan process.
  • Do not spend money you have set aside for your down payment.
  • Do not allow a creditor to pull your credit, this creates new inquiries on your credit report reducing your score.
  • Do not change bank accounts.
  • Do not co-sign a loan for anyone.
  • Do not obtain a new line of credit.
  • Do not close credit card accounts, closing a credit card account negatively impacts your credit history.
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Sharon Lucido

Both my Dad and my Father-in-law were Real Estate Brokers. From watching them, I learned that real estate is not just about buying and selling, it's an emotional process that should be handled with ho....

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