(626) 262-4321


519 Falling Leaf Alley
Monrovia, CA 91016 USA

Real Estate Broker - California Department of Real Estate
DRE #1527206 | NMLS #1665660

  • Benson Pang

6 Things Not To Do When Applying For A Mortgage

When lenders review your application, they like to see consistency in your finances.

1. Do not make major purchases like furniture, appliances, jewelry, vehicles or vacations

2. Don’t change or quit your job

3. Consult with your mortgage professional before withdrawing, depositing or moving large amounts of money in or out of your bank account

4. Do not pay off debts or collections (unless instructed to do so by a mortgage professional)

5. Avoid using cash for a good-faith deposit – cash is difficult to verify and could result in a closing delay

6. Don’t have your credit report pulled too many times – this can hurt your credit score