Wish I had been aware of this information the first time I attempted to buy a home:
The Seven DONT'S of Mortgage Funding
1. Don't change your employment status.
2. Don't make any major purchases (cars, furniture, home theater, vacations, etc.).
3. Don't increase your credit card debt or miss any payments.
4. Don't change bank accounts or make undisclosed large deposits.
5. Don't apply for a credit card, co-sign a loan or make a credit inquiry.
6. Don't spend money you have set aside for closing--not any, not ever.
7. Don't delay in providing all paperwork asked for by the mortgage company.
If you follow this advice, you can secure the loan and close on your home! Many don't realize that there is a final credit check before the loan is funded...
Source: Gary Keller, Shift, 2009
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