Posted by Vicky Chan 

Things You Should Not Do During the Mortgage Process  

Buying a home is a huge milestone, and avoiding these common pitfalls can make the mortgage process much smoother! 

• Don’t Change Jobs: Stability is key. Changing jobs could disrupt your loan approval.
• Don’t Apply for New Credit: Hold off on those new credit cards or loans. It can affect your credit score.
• Don’t Miss Payments: Pay all your bills on time to keep your credit score intact.
• Don’t Close Credit Accounts: Keep your accounts open to maintain a healthy credit history.
• Don’t Move Money Around: Lenders want to see steady financial habits. Avoid large, sudden changes in your accounts.
• Don’t Deposit Cash: Cash deposits are often unsourced, making them difficult for lenders to verify, which can complicate the approval process.
• Don’t Skip the Home Inspection: A thorough inspection can save you from unexpected surprises down the road.
• Don’t Co-Sign Loans: Co-signing increases your debt load, which can complicate your mortgage approval.
• Don’t Change Bank Accounts: Consistency is key. Keeping the same bank accounts simplifies the verification process.
• Don’t Ignore Lender Requests: Stay on top of any document requests or additional information your lender needs.

Following these guidelines can make your home-buying journey much smoother. For personalized advice, always consult with your mortgage advisor! 

申請貸款時不要做的幾件事: 

• 不要更換工作：保持穩定的工作更容易成功申請貸款。
• 不要申請新的信用卡或貸款：避免開新信用卡或申請額外的貸款，例如車貸。
• 不要忘記付款：按時支付所有帳單，以保持良好的信用評分。
• 不要關閉信用帳戶：保持現有的信用帳戶，以維持有利的信用歷史。
• 不要隨意轉移資金：避免大額存款或取款，貸款人需要看到穩定的財務行為。
• 不要跳過房屋檢查：確保進行全面檢查，以避免將來出現意外問題。
• 不要聯合簽署貸款：聯合簽署可能會增加您的債務負擔，影響抵押貸款批准。
• 不要更換銀行賬戶：保持銀行賬戶一致，以簡化驗證過程。
• 不要忽視貸款公司的要求：及時提供貸款公司要求的任何文件或信息。

遵守這些指導方針會讓您的貸款過程更順利。隨時詢問你的Loan officer以避免不必要的麻煩。