Common Mortgage Mistakes Borrowers Make
- Not getting pre-approved for a mortgage
- Not shopping around for a lower interest rate
- Failing to check your credit scores in advance
- Opening new credit cards before applying
- Making late mortgage payments or worse, foreclosure/BK
- Not saving enough for a down payment
- Not seasoning your assets beforehand in a bank account
- Applying with limited employment history
- Changing jobs prior to loan application
- Forgetting to lock your mortgage rate
- Attempting to refinance after listing your home