Tips For Applying For A Mortgage: The Do’s And Don’ts

by Reliant Home Funding /

September 15, 2021

Owning a home is one of the largest investments a person can pursue. In this article, we will go through some Do’s and Don’ts to keep in mind while going through the mortgage process. By following these few tips, you can make your dream home a reality.

First Get Pre-Approved!

Do begin with getting pre-approved.

Here at Reliant Home Funding, Inc, our Mortgage Loan Originators take you step by step through the process to get you pre-approved for a mortgage. Below are reasons why pre-approval is the best way to start:

  • You will be certain about the price range that works best for you
  • You will uncover any potential issues long before you become obligated by contract
  • You will know how much cash you will need to close
  • You will know your maximum monthly payment
  • You will be able to negotiate with confidence
  • You will have an advantage over buyers who may not have been through the process

Once you are Pre-Approved, you can begin your journey of becoming a homeowner. Below are some dos and don’ts to be aware of after you complete the initial pre-approval step.


Do save paystubs during the loan process.

  • Throughout the loan process, you may need to update documents. It is good to have them readily available, so you can provide them right away.

Do save and submit bank statements during the loan process.

  • Having recent bank statements throughout the process verifies all the funds available for the transaction.

Do continue to pay all monthly debt on time.

  • Continuing to pay all debt on time is good for you financially, but also shows the lender you are a sound investment.

Do keep all copies of loan documents.

  • It is better to be safe than to not have your loan documents on hand. If you are asked to resubmit a document or update information, it will be helpful in the long run to have everything readily available.


Don’t co-sign for someone else’s debt (mortgage, credit card, or auto loan).

Don’t make major purchases such as a car, furniture, or appliances.

Don’t withdraw or deposit large amounts of money.

Don’t stop paying rent, your current mortgage, or other revolving debt.

Don’t quit or leave your job.

Don’t dispute any accounts on your credit report.

Don’t use cash for your down payment on a contract.

Connect With A Loan Expert

Now that you’ve reviewed our shortlist of mortgage do’s and don’ts, don’t hesitate to give us a call if you have further questions. The Reliant Team is here for you—contact us today to connect with a specialist!

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