Applying for a mortgage can be a complicated process. What many home buyers don’t realize is that although you may be on sound financial footing when you complete your application, there are actions you could take after your application that could jeopardize your mortgage approval.
This article from NerdWallet explains what you should NOT do, including applying for new credit, missing credit card or loan payments, making any large purchases, switching jobs or making large deposits without creating a paper trail. Your best bet is to get your financial house in order well ahead of when you plan to apply for the mortgage. These tips from Marilyn Lewis at NerdWallet will walk you through How to Apply for a Mortgage. Learn all you can now, so things will go smoothly when you finally find the perfect home.
