If you’ve applied for a mortgage lately or have spoken to anyone who has you’d know it’s definitely not how it use to be.  The times of simply applying and getting approved are long gone.  In today’s world it often takes good credit, a sizeable down payment, copies of previous years tax returns and w-2s, bank account statements, along with just about anything else that has to do with your finances.  Here’s a list of the Top 10 Tips make sure your mortgage applications gets approved.

1)Do not make any large purchases

2)Do not make any large deposits into your bank accounts

3)Do not apply for any additional credit at all

4)Do not close any existing credit accounts

5)Do not consolidate your debt

6)Do not fall behind on any payments at all

7)Do not max out or overcharge any of your credit accounts

8)Do not change jobs

9)Do pay off any collections, judgments, or liens on your credit report

10)Do ask your Mortgage Professional if you have any questions BEFORE making a financial decision