Dos
- Get Pre-Approved before searching for a home
- Work with loan officer for professional advice
- Understand your credit
- Keep the communication line open
- Make a savings plan for down-payment
- Maintain current employment and income
- Maintain a paper trail (keep all financial documents handy)
- Ask questions to professionals, not your family or friends
Don’ts
- Don’t change or quit jobs or become self-employed
- Don’t buy a car
- Don’t buy any expense items with a loan
- Don’t make unusual purchases with credit cards
- Don’t make any late payments
- Don’t co-sign for anything
- Don’t apply for new credit cards or store cards
- Don’t make large deposits into your bank accounts
- Don’t open, close, or change bank and credit card accounts