Do's and Don'ts when Seeking a Mortgage

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 1. DO save all the money you can toward downpayment and closing
    costs.
 2. DO pay all your bills in a timely manner.
 3. DO keep your credit card balances as low as possible.
 4. DO check your credit report once a year. Correct any
    discrepancies.
 5. DO get prequalified by a reputable lender, to see what
    amount of house you can afford.

 1. DON'T job-hop. Now is the time to show the lender that you
    are a stable person.
 2. DON'T borrower money unless it's necessary. Do you really
    need a new car this year? Identify what is a need and what
    is a want in your life.
 3. DON'T allow your credit report to be pulled excessively. This
    can pull credit scores down.
 4. DON'T fall for credit repair scams. The best person to fix
    your credit is you.
 5. DON'T allow your hard-earned money to "leak" away. Buy a
    small notebook, and track all of your expenses for 1 month:
    list everything from rent, utilities, car payment, credit
    cards, down to the smallest expenses, like that cup of
    coffee you pick up on the way to work in the morning. This
    will allow you to reign in those hard to track expenses.

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