Do not make these mistakes when applying for a mortgage:
1) Not knowing how much money you can put down. Before applying for a mortgage you should have taken the time to thoroughly review your financial situation.
2) Know the mortgage broker’s performance record. If the record is poor, you want to move on to someone else.
3) Do not over shop your loan. You do not want your credit report to be pulled extensively. Limit shopping your loan.
4) Secrets from the mortgage broker. Do not keep secrets from your mortgage broker. Everyone makes mistakes. Disclose all pertinent information.
5) Refrain from making late payments within the last year or two if at all possible. This will bring down your score.
