Your Mortgage: Things to avoid after applying for a mortgage

Consistency is the name of the game after applying for a mortgage. Be sure to discuss any changes in income, assets, or credit with your lender so you don’t jeopardize your application!

When you applied for a mortgage loan and received your pre-approval, you may recall having to provide a lot of different things like income documents, proof of employment, list of assets, etc. One such document was your bank statement. If you change bank accounts, you will have to go through the same process all over again, and that usually means waiting at least 60 days for your loan to be approved, again. It may even require a letter of explanation, so it’s simply not worth it in most cases.