APPLYING FOR NEW CREDIT
Your credit score could change which may impact your interest rate. Additionally, new debt may lower the amount for which you qualify.
PAYING OFF ALL YOUR DEBT
Even paying off credit card debt or closing an account can hurt your score. Also lowering your cash reserves can impact your personal re-approval.
CO-SIGNING LOANS
Co-Signing Loans is considered a debt for both signers.
IGNORING LENDER REQUESTS
If your lender requests action or documents, you should complete those as soon as possible.
FALLING BEHIND ON YOUR BILLS
You must pay all bills on time and make sure you don't have an overdraft on any accounts
LOSING TRACK OF DEPOSITS
You will need documentation of any deposits other than your paycheck, for a few months prior to loan application through the time fo your closing.
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