Top 10 Mistakes After your Mortgage Approval or Pre-Approval

  1. Do not apply for new credit
  2. Do not make major purchases (using your downpayment, credit cards, lines of credit)
  3. Paying off all your debt & close your accounts (credit problem)
  4. Do not co-sign any loans
  5. Do not change jobs, do not become self-employed or on a contract
  6. Do not ignore lender/broker requests
  7. Do not fall behind on your bills
  8. Do not lose track of deposits (moving downpayment around accounts)
  9. Forgetting to inform the broker of any changes (Ex. Purchase Contract addendums etc)
  10. Please do not go away on holidays!