Once you've applied for a mortgage to buy a home, there are some key things to keep in mind. While it's an exciting time to start thinking about moving in and decorating, be careful when it comes to making any big purchases. Hey, I'm Andy with the Mandel team at RE/MAX. Here's my list of things not to do when getting a mortgage.
Number one don't deposit, large sums of cash. Lenders need to source your money, and cash isn't easily traceable. Your money needs to be vested in your account for 60 days before buying, otherwise you'll likely have to provide letters stating where the money came from and the bank might have to trace it.
Number two, don't make any large purchases or apply for new credit. It's not just home related purchases that could…
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