Mortgage
Dos & Don’ts

Mortgage Dos & Don'ts

Interested or new to mortgages?

Buying a home is one of the biggest financial decisions you’ll ever make—and the mortgage process can feel overwhelming at times. The good news? A few smart moves (and a few things to avoid) can make all the difference in ensuring your loan approval goes smoothly. To help you stay on track, we’ve put together a list of important mortgage “dos and don’ts.” Following these simple guidelines will help you protect your credit, avoid unnecessary delays, and move confidently toward closing on your new home.

Mortgage Dos

  • Keep all accounts current, such as mortgages, car payments, and credit cards.
  • Call your Mortgage Loan Originator anytime a question may arise.
  • Keep copies of all paycheck stubs.
  • Make payments on all accounts on or before the due date.
  • Disclose all information about your income and debts to your Mortgage Loan Originator.
  • Inform your Mortgage Loan Originator of any changes or upcoming changes to your employment or income. If you anticipate accepting a different job and/or position for additional money, it is always best to notify your mortgage professional. Your loan approval was issued based on your current job situation, so some additional items may be required.
  • Let your Mortgage Loan Originator know of any life events or changes that occur during the loan process.

Mortgage Don’ts

  • Quit your job or change jobs.
  • Allow anyone to make an inquiry on your credit report.
  • Make any large cash deposits without speaking to your Mortgage Loan Originator
  • Co-sign for anyone.
  • Purchase a car or take on any additional debt.
  • Purchase any other real estate.
  • Apply for credit anywhere or complete any other credit application.
  • Close or change any additional debt on any current credit or credit cards.

Navigating the mortgage process doesn’t have to be stressful when you know what to expect and how to prepare. By following these key dos and don’ts, you’ll help keep your loan application on track and avoid common pitfalls that can cause delays or complications. And remember—you’re never on your own. Your Multipli Mortgage Loan Originator is here to guide you every step of the way, answer your questions, and make sure your homebuying journey is as smooth and successful as possible.

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