What NOT to Do When Applying for a Mortgage

Are you getting ready to submit your mortgage application? Feeling a little nervous about whether you’ll get approved? Don’t worry — you’re not alone. Millions of buyers feel the same way, and the truth is… your approval often comes down to a few simple choices you make right before and during the process. 🏠✨

In this video, I break down the top mistakes to avoid so you can walk in confident, prepared, and ready for a smooth approval. 🙌

Here’s what NOT to do when applying for a home loan:

🚫 1. Don’t close any credit accounts
You may think closing an old or unused credit card will help you… but it can actually hurt your credit score by reducing your total available credit and shortening your credit history.

🚫 2. Don’t apply for new credit
This means no new credit cards, no auto loans, no store financing, no personal loans — nothing. New credit inquiries can lower your score and raise red flags for lenders.

🚫 3. Don’t make any large purchases
No new cars 🚗
No furniture sets 🛋️
No huge spending sprees 💳
Large purchases can increase your debt-to-income ratio (DTI), which may cause your loan to be delayed or denied.

Remember: Anything that lowers your credit score or raises your DTI can jeopardize your loan approval. Stay steady, stay consistent, and keep your financial footprint quiet until your lender gives you the green light. 👍

🙌 If you found this video helpful, don’t forget to give it a👍thumbs up, and follow so you never miss more tips to help you reach your homeownership goals!

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