The past 3 years have seen quite a bit of change in the mortgage industry. Lenders requiring more documentation, 
explanations on what was long considered trivial bank deposits, credit score requirements, and the list goes on.
Here are 10 Rules to follow when you are applying for a mortgage.
- Do not change jobs or become self-employed.
- Do not buy a car, truck or van unless you plan to live in it.
- Do not use your credit cards or let your payments fall behind.
- Do not spend the money you have saved for your down-payment.
- Do not buy furniture before you buy your house.
- Do not originate any new inquiries on your credit report.
- Do not make any large deposits (over $500) into your bank account.
- Do not change bank accounts.
- Do not co-sign for anyone.
- Do not buy anything until after closing.
Whether you are applying for a FHA streamline refinance, a HARP 2.0 refinance, or buying your first home, these rules will help you cut some of the stress out of the mortgage process.
