What NOT To Do If You Are Applying for a Mortgage!


1. Don't make a major purchase (i.e. car, increase lease, boat, jewelry, etc.)

2. Don't open new credit cards -- even if you're getting 20% off of your purchase

3. Don’t buy any furniture

4. Don’t apply for new credit until AFTER you close on your mortgage

5. Don’t transfer credit card balances from one account to another

6. Don’t pay charge offs without a discussion with lender first

7. Don’t pay collections without a discussion with lender first

8. Don’t pay off any loans or credit cards without discussing with lender

9. Don’t close any credit card accounts

10. Don’t max out or over charge on your credit card accounts

11. Don’t consolidate your debt into 1 or 2 credit cards

12. Don’t take out a new loan

13. Don’t finance any elective medical procedures


14. Don't quit your job to change industries or start a new company

15. Don't switch from a salaried job to a heavily-commissioned job


16. Don’t change bank accounts

17. Don't transfer large sums of money between bank accounts

18. Don't forget to pay your bills -- even the ones in dispute

19. Don't accept a cash gift without filing the proper "gift" paperwork

20. Don't make random, undocumented deposits into your bank account

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PO Box 2045 217 Red Wolf
Blowing Rock, NC 28605