Keep your financial profile steady and communicate before making a change while your mortgage is in progress.
Do keep documents and communication current
Provide requested items promptly, keep accessible copies of statements and pay records, and notify your loan originator if anything changes.
Do keep paying every account on time
Continue normal, on-time payments. A late payment during the mortgage process can create a serious approval issue.
Do not open or increase debt without a conversation
Avoid new credit cards, vehicles, personal loans, co-signing, and major financed purchases unless the impact has been reviewed.
Do not move money without a paper trail
Large deposits, cash deposits, account transfers, cryptocurrency liquidation, gift funds, and new accounts can require explanation and documentation. Ask first whenever possible.
Do not change jobs or compensation silently
Employment status, hours, pay structure, leave, or a job change can affect qualifying income. Tell your loan originator before making a planned change and immediately after an unexpected one.
This material is general in nature and is not individualized financial, legal, or tax advice or a commitment to lend. Mortgage programs and guidelines change. Your options depend on a complete application and review of supporting documentation.