Things to avoid before applying for a mortgage


Last updated 5/5/2023 at 4:08pm

FALLBROOK – Planning to buy a home? The key is to prepare and maintain excellent financial health. And we’re not just talking about the down payment. Improve your chances of getting approved for a home loan and be eligible for better interest rates and terms – here are some things to avoid before applying for a mortgage:

Making big purchases

If you just bought a car or did advance shopping for furnishings, this will take a big hit on your credit record and debt-to-income ratio and could hurt your mortgage application. Avoid making any credit splurges at all costs if you’re planning...

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