10 Commandments When Applying for a Mortgage Loan

Thou shall not change jobs or become self-employed.

Thou shall not buy a car, truck or van unless you plan to live in it.

Thou shall not use your credit cards or let your payments fall behind.

Thou shall not spend the money you have saved for your down payment.

Thou shall not buy furniture before you buy your house.

Thou shall not originate any new inquiries on your credit report.

Thou shall not make any large deposits into your bank account.

Thou shall not change bank accounts.

Thou shall not co-sign for anyone.

Thou shall not purchase ANYTHING until after the closing.

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