The Dos & Don’ts of the Mortgage Process

Buying a home can be a great experience, especially if you know a few key pieces of info from the start.  So, let’s talk about the Dos and Don’ts of the mortgage process.

Let’s get the negatives out of the way first, shall we?


  • DEPOSIT CASH – If you make a big ol’ deposit during the mortgage process, you’ll have to provide substantial documentation to provide the source of that deposit.
  • OPEN NEW LINES OF CREDIT – Opening a new line of credit could impact the approval of your loan.  So just don’t do it.  It’s not worth the $35 you’ll save at Ulta.
  • PULL OR CHECK YOUR CREDIT SCORE – During the process, your credit is monitored closely.  And credit inquiries will require an explanation.  So, don’t pull or check your credit until after you close on your mortgage.  
  • MAKE ANY MAJOR PURCHASES – You will be tempted to jump on furniture and major electronics sales before closing, or a swanky vehicle to dress up your new driveway, but major purchases can quickly alter your credit and affect the mortgage process.

Now, let’s talk about what you should do.


  • COMMUNICATE FINANCIAL CHANGES – If a financial change occurs before closing — say, changes in income, assets, credit, etc — your Loan Officer needs to know.
  • MAKE TIMELY PAYMENTS – Your credit is monitored during the process, so make all payments on time: current mortgage, car, student loans, credit cards, etc.
  • STAY IN THE LOOP – Keep an eye on your phone and inbox.  When your Loan Officer requests documents, you’ll want to respond quickly to keep the process moving along.
  • CALL US ANYTIME – And, of course, if you have any questions or just want to hear your Loan Officer’s sweet, comforting voice, give us a call.  We’re here for you.  We’ve got your back.

Be sure to subscribe to our YouTube channel so you don’t miss out on future mortgage wisdom.