There are four major actions to avoid before applying for a mortgage loan and during the loan process itself. Any one of these four things could impact your ability to qualify for a mortgage loan so it is critical to avoid any of them until after your loan has closed or your loan officer has advised you. • Do Not Change Jobs Changing jobs before or during the loan process may create a real problem in qualifying you for a loan, particularly if that job is in a different line of work or at a lower rate of pay. During the loan process, changing jobs may also create instant delays while the new employment is verified. • Do Not Switch Banks or Move Your Money Around It is best to leave your cash right where it is until your loan is closed. Moving your denero to a new bank or even into a new account can create problems with the verification process. • Do Not Pay Off Bills Your loan officer will be able to advise you of your qualification status and advise you of the permissibility of paying off bills in order to qualify for a larger loan. • Do Not Make Any Major Purchases Many borrowers contruct the error of buying a new car, furniture or building another major purchase without realizing the impact it might have on their ability to buy a home. A large monthly payment might affect the amount of home you qualify for and, during the loan process itself, contruct loan approval more difficult to secure. www.onlinegobank.com