1. Avoid Changing Jobs.

Changing jobs before or during the loan process can create a problem in qualifying you for a loan, particularly if that job is in a different line of work or at a lower rate of pay than your current job. Many loan programs require borrowers to have a two-year work history.

2. Avoid Switching Banks or Moving Your Money Between Accounts.

Funds for new accounts opened or large deposits will have to be explained which can lengthen the verification process. If you are transferring money from investment or retirement accounts, make sure you keep the withdrawal/deposit receipts and clearly show where you deposited the money.

3. Avoid Financing Any Major Purchases.

The resulting payment of your purchase may impact your ability to qualify for a mortgage. A new large monthly payment can affect the amount of home you qualify for and can make it difficult to get your loan approved.

4. Avoid Pulling Your Credit Scores.

This included opening new credit at retail stores. Multiple credit inquiries in a short time period may have a negative impact on your credit score. Since interest rates and good credit scores are directly linked, it’s in your best interest to minimize the number of times your credit is pulled.