The Ten Commandments: When Applying for a Mortgage Loan

• Thou shall not change jobs, become self-employed or quit your job.

• Thou shall not buy a car, truck or van for you may be living in it.

• Thou shall not use charge cards excessively or let your accounts fall behind.

• Thou shall not spend money you have set aside for closing.

• Thou shall not not omit debts or liabilities from your loan application.

• Thou shall not buy furniture (not yet anyway).

• Thou shall not originate any inquiries into your credit.

• Thou shall not make large deposits without checking with your loan officer.

• Thou shall not change bank accounts.

• Thou shall not co-sign a loan for anyone.