{"id":1056,"date":"2022-06-23T16:58:06","date_gmt":"2022-06-23T23:58:06","guid":{"rendered":"https:\/\/www.flyhomes.com\/blog\/?p=1056"},"modified":"2022-08-17T10:50:34","modified_gmt":"2022-08-17T17:50:34","slug":"what-not-to-do-when-applying-for-a-mortgage","status":"publish","type":"post","link":"https:\/\/flyhomes.com\/blog\/what-not-to-do-when-applying-for-a-mortgage\/","title":{"rendered":"6 things to avoid when applying for a mortgage"},"content":{"rendered":"\n<p>For most people, securing a mortgage is an <a href=\"https:\/\/www.flyhomes.com\/buy\" target=\"_blank\" rel=\"noreferrer noopener\">essential part of the homebuying process<\/a>. That\u2019s how to get the funds to cover the high cost of a home purchase.&nbsp;<\/p>\n\n\n\n<p>Before you apply for a mortgage, there are plenty of things you can do to increase your chances of getting pre-approved\/<a href=\"https:\/\/www.flyhomes.com\/blog\/the-thing-most-house-hunters-dont-do-but-really-should\/?utm_source=WORDPRESS&amp;utm_medium=BLOG&amp;utm_campaign=M_WNTD\" target=\"_blank\" rel=\"noreferrer noopener\">pre-underwritten<\/a> for a loan.&nbsp;<\/p>\n\n\n\n<p>Borrowers should always do what they can to increase their savings, increase their credit score, decrease their debt, then <a href=\"https:\/\/www.flyhomes.com\/blog\/choosing-a-mortgage-lender\/\" target=\"_blank\" rel=\"noreferrer noopener\">compare lenders<\/a>.&nbsp;<\/p>\n\n\n\n<p>But is there anything you shouldn\u2019t do in the months before you apply for a mortgage?&nbsp;<\/p>\n\n\n\n<p>Here are six common pitfalls that we have found can impact your ability to qualify for a mortgage\u2014and how to avoid them.&nbsp;<\/p>\n\n\n\n<p><em>If you\u2019re ready to buy a home, <\/em><a href=\"https:\/\/www.flyhomes.com\/useronboard\/flowform\" target=\"_blank\" rel=\"noreferrer noopener\"><em>talk to a Flyhomes Agent<\/em><\/a><em> who can help you get to where you need to go.&nbsp;<\/em><\/p>\n\n\n\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">In this article<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69e801eef142c\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69e801eef142c\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/flyhomes.com\/blog\/what-not-to-do-when-applying-for-a-mortgage\/#Job_or_career_changes\" >Job or career changes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/flyhomes.com\/blog\/what-not-to-do-when-applying-for-a-mortgage\/#Applying_for_new_credit_lines_or_other_new_loans\" >Applying for new credit lines or other new loans<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/flyhomes.com\/blog\/what-not-to-do-when-applying-for-a-mortgage\/#Mortgage_calculator_Estimate_your_monthly_payment\" >Mortgage calculator: Estimate your monthly payment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/flyhomes.com\/blog\/what-not-to-do-when-applying-for-a-mortgage\/#Closing_major_credit_accounts\" >Closing major credit accounts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/flyhomes.com\/blog\/what-not-to-do-when-applying-for-a-mortgage\/#Large_deposits_into_your_bank_accounts\" >Large deposits into your bank accounts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/flyhomes.com\/blog\/what-not-to-do-when-applying-for-a-mortgage\/#Making_major_purchases\" >Making major purchases<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/flyhomes.com\/blog\/what-not-to-do-when-applying-for-a-mortgage\/#Cosigning_a_loan\" >Cosigning a loan<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/flyhomes.com\/blog\/what-not-to-do-when-applying-for-a-mortgage\/#When_applying_for_a_mortgage_avoid_purchases_that_impact_your_credit_score_or_debt-to-income_ratio\" >When applying for a mortgage, avoid purchases that impact your credit score or debt-to-income ratio<\/a><\/li><\/ul><\/nav><\/div>\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Job_or_career_changes\"><\/span><strong>Job or career changes<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>The pitfall:<\/strong> There are a few reasons changing your job in the months or weeks before you apply for a mortgage might give a loan officer pause.&nbsp;<\/p>\n\n\n\n<p>For one, you might not even have a pay stub yet to prove how much you\u2019ll <em>actually<\/em> be making.&nbsp;<\/p>\n\n\n\n<p>But, more importantly, lenders look for a good employment track record which provides security to the lender. A good employment track record means it\u2019s less risky to loan a large sum of money.&nbsp;<\/p>\n\n\n\n<p>Switching jobs may be great for you, and it may even be necessary if you need to relocate to afford a home. But, it could read as uncertain or unpredictable to a loan officer.&nbsp;<\/p>\n\n\n\n<p><strong>How to avoid it:<\/strong> If you know you\u2019ll be switching jobs, give it some time before applying for a mortgage. If you have already applied for a mortgage loan, contact your loan officer right away.&nbsp;<\/p>\n\n\n\n<p>If you absolutely can\u2019t wait, if at all possible try to time it so that you <a href=\"https:\/\/www.flyhomes.com\/blog\/12-important-steps-to-close-on-your-new-home\/\" target=\"_blank\" rel=\"noreferrer noopener\">close on your home <\/a>at least two pay cycles after you start your new job. That way, you\u2019ll have the pay stubs at the beginning of your loan application and a longer runway of time at the new office.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Applying_for_new_credit_lines_or_other_new_loans\"><\/span><strong>Applying for new credit lines or other new loans<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>The pitfall:<\/strong> Opening new debt while you\u2019re getting a loan will cause you to have to re-qualify, as the lender will have to reevaluate your financials.<\/p>\n\n\n\n<p>Not only could opening a new line of credit or other new loans dramatically slow down the loan process, but your credit score may also drop, or your debt-to-income ratio may increase.&nbsp;<\/p>\n\n\n\n<p>Either of these changes can mean you no longer qualify for your loan.&nbsp;<\/p>\n\n\n\n<p>Remember, applying for a new credit line or a new loan shows up on your credit score as a hard inquiry and <a href=\"https:\/\/www.flyhomes.com\/blog\/what-credit-score-do-i-need-to-buy-a-house\/\" target=\"_blank\" rel=\"noreferrer noopener\">affects your credit score.<\/a>&nbsp;<\/p>\n\n\n\n<p>Plus, a loan officer may wonder why you need more credit if you should already have enough cash to purchase a home.&nbsp;<\/p>\n\n\n\n<p><strong>How to avoid it:<\/strong> Wait until after your mortgage loan closes to open new credit lines or new loans.&nbsp;<\/p>\n\n\n\n<p>Similarly, try to avoid financing large purchases\u2014even if they charge 0% interest for several years, you\u2019re still taking on a new monthly payment.<\/p>\n\n\n<style>.mcalculator{background-color:#f2f2f2;padding:20px;border-radius:10px;font-family:\"Open Sans\"}.mcalculator h3{text-align:center}.mcalculator .flex{display:flex;width:100%;justify-content:space-between; flex-flow: row-reverse;}.mcalculator .flex .left,.mcalculator .flex .right{width:50%}.mcalculator .flex .left{border-left:1px solid #dfe0e2;padding-left:20px}.mcalculator .flex .right{padding-right:20px}.mcalculator .left .price{font-weight:700;font-size:26px;line-height:32px;color:#333;text-align:center; border-bottom: solid 1px rgb(95 95 96 \/ 20%); padding-bottom: 20px;}.mcalculator .left .price span.small{font-weight:400;font-size:14px;line-height:24px}.mcalculator .calc-list{list-style:none;margin:30px 0px 0px 0px;padding:0}.mcalculator .calc-list li{display:flex;justify-content:space-between;font-size:14px;line-height:24px;color:#333; font-weight: 600;}.mcalculator .mform-input{position:relative}.mcalculator .mform-input input,.mcalculator .mform-input select{background:#fff;border:1px solid #cacbcd;width:100%;padding:10px;-moz-appearance:none;-webkit-appearance:none;appearance:none}.mcalculator .mform-input input::-webkit-inner-spin-button,.mcalculator .mform-input input::-webkit-outer-spin-button{-webkit-appearance:none;-moz-appearance:none;appearance:none;margin:0}.mcalculator .mform-input label{position:absolute;background:linear-gradient(to bottom,transparent 50%,#fff 50%);top:-11px;left:10px;font-size:14px;color:#9c9d9e}.mcalculator .mt10{margin-top:15px}.mcalculator .mform-input .prefix{display:block;position:absolute;line-height:42px;width:30px;text-align:center;color:#004d3d}.mcalculator .mform-input .suffix{position:absolute;right:10px;width:40px;line-height:30px;top:5px;border-left:solid 1px #ccc;padding-left:10px}.mcalculator .pl{padding-left:30px!important}.mcalculator .pr{padding-right:55px!important}.mcalculator .text-right{text-align:right}.mcalculator .mboxbg{background-color:#D9E4E2;padding: 20px;border-radius: 8px;} .mcalculator .mqualify{text-align:center;font-size: 16px; font-weight: 600; margin-top: 30px;} .mcalculator .mqualify a{font-size: 12px !important; margin-top: 5px; display: flex; max-width: 272px; gap: 10px; margin: 5px auto 0; color: #fff;line-height: 38px;align-items: center;justify-content: center; border-radius:4px;} .mcalculator .right .mqualify {display:none;} .mcalculator .left .mqualify {display:block;}   @media only screen and (max-width:600px){.mcalculator .flex{flex-flow:column}.mcalculator .flex .left,.mcalculator .flex .right{width:100%;padding:0;border-right:none}.mcalculator .flex .right{margin-top:20px} .mcalculator .right .mqualify {display:block;} .mcalculator .left .mqualify {display:none;} .mcalculator .flex .left{border-left: none; margin-bottom: 20px;} }<\/style><div class=\"mcalculator\"> <h3><span class=\"ez-toc-section\" id=\"Mortgage_calculator_Estimate_your_monthly_payment\"><\/span>Mortgage calculator: Estimate your monthly payment<span class=\"ez-toc-section-end\"><\/span><\/h3><p style=\"text-align: center;margin-bottom: 25px;margin-top: -10px;\"><i style=\"font-size: 14px;text-align: center;\">All calculations are estimates and provided for informational purposes only. Actual amounts may vary.<\/i><\/p> <div class=\"flex\"> <div class=\"left\"> <div class=\"mboxbg\"><div class=\"price\"> <span  class=\"small\">Mortgage per month<\/span><br\/><span id=\"m-total-price\">-<\/span>  <\/div><div> <ul class=\"calc-list\"> <li> <span>Principle and interest<\/span> <span id=\"principalInterest_text\">-<\/span> <\/li> <!--<li> <span>HOA dues<\/span> <span>--<\/span> <\/li>--><li> <span>Homeowner's insurance<\/span> <span id=\"insuranceRate_text\">$112<\/span> <\/li><!--<li> <span>PMI<\/span> <span id=\"pmi_text\">$89<\/span> <\/li><li> <span>Property taxes<\/span> <span id=\"property_tax_text\">$352<\/span> <\/li>--><\/ul><\/div> <\/div> <div class=\"mcalc mqualify\">See how much you qualify for<br\/><a class=\"wp-block-button__link has-background\" href=\"https:\/\/apply.flyhomesmortgage.com\/#\/milestones?utm_source=blog\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Introduce me to Flyhomes Mortgage <svg width=\"19\" height=\"18\" viewBox=\"0 0 19 18\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M3.90649 8.24242V9.75758H12.9974L8.83074 13.9242L9.90649 15L15.9065 9L9.90649 3L8.83074 4.07576L12.9974 8.24242H3.90649Z\" fill=\"white\"\/><\/svg><\/a><\/div><\/div><div class=\"right\"> <div class=\"mform-input\"> <label>Zip code<\/label> <input type=\"number\" value=\"98101\" id=\"m-zipcode\" onblur=\"calculateMortgageRates()\"\/> <\/div><div class=\"mform-input mt10\"> <label>Purchase price<\/label> <span class=\"prefix\">$<\/span> <input type=\"number\" class=\"pl\" value=\"1000000\" id=\"m-purchase-price\" onblur=\"calculateMortgageRates()\"\/> <\/div><div class=\"mform-input mt10\"> <label>Downpayment<\/label> <input type=\"number\" class=\"pr\" value=\"200000\" id=\"m-downpayment\" onblur=\"calculateMortgageRates()\"\/> <span class=\"suffix\" id=\"m-downpayment-suffix\">20%<\/span> <\/div><div class=\"mform-input mt10\"> <label>Loan Program<\/label> <select id=\"m-loan-program\"> <option value=\"30 Year Fixed Loan\" selected=\"selected\">30 Year Fixed Loan<\/option> <\/select> <\/div><div class=\"mform-input mt10\"> <label>Today\u2019s Interest Rate<\/label> <input type=\"number\" class=\"pr\" value=\"4.951\" id=\"m-interest-rate\" onblur=\"setUserInterestRate();calculateMortgageRates()\"\/> <span class=\"suffix\">%<\/span> <\/div><div class=\"mt10 text-right\"> <a href=\"https:\/\/www.flyhomesmortgage.com\/rates?utm_source=blog\" target=\"_blank\"> <img decoding=\"async\" src=\"https:\/\/flyhomes.imgix.net\/blog\/PoweredbyFlyhomesMortgage1.svg\" loading=\"lazy\"\/> <\/a> <\/div>      <div class=\"mcalc mqualify\">See how much you qualify for<br\/><a class=\"wp-block-button__link has-background\" href=\"https:\/\/apply.flyhomesmortgage.com\/#\/milestones?utm_source=blog\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Introduce me to Flyhomes Mortgage <svg width=\"19\" height=\"18\" viewBox=\"0 0 19 18\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M3.90649 8.24242V9.75758H12.9974L8.83074 13.9242L9.90649 15L15.9065 9L9.90649 3L8.83074 4.07576L12.9974 8.24242H3.90649Z\" fill=\"white\"\/><\/svg><\/a><\/div>     <\/div><\/div><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Closing_major_credit_accounts\"><\/span><strong>Closing major credit accounts<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>The pitfall:<\/strong> Your credit score is derived partly from your <a href=\"https:\/\/www.experian.com\/blogs\/ask-experian\/credit-education\/score-basics\/credit-utilization-rate\/\" target=\"_blank\" rel=\"noreferrer noopener\">credit utilization ratio<\/a>.&nbsp;<\/p>\n\n\n\n<p>Closing an account would impact your overall utilization, and affect the credit score used to qualify and price your loan.&nbsp;<\/p>\n\n\n\n<p><strong>How to avoid it:<\/strong> If you no longer use a credit card and would like to close it, consider keeping it open until after you close your mortgage loan. You can even keep an account open with a $0 balance as long as the creditor allows it.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Large_deposits_into_your_bank_accounts\"><\/span><strong>Large deposits into your bank accounts<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>The pitfall:<\/strong> All deposits into your bank accounts (generally defined as any deposit that exceeds 50% of your monthly income, but this varies by lender) will need to be documented as being from an acceptable source. This is to verify that the funds you are using for your new home loan are truly yours, not borrowed, and that you are not inflating your assets.&nbsp;<\/p>\n\n\n\n<p>A loan officer would have reason to wonder where the cash all-of-a-sudden came from, especially if your new bank account numbers are way higher than what you started the loan process with.&nbsp;<\/p>\n\n\n\n<p><strong>How to avoid it<\/strong>: If you transfer money, receive a gift, or liquidate assets, hold on to the supporting documentation.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Making_major_purchases\"><\/span><strong>Making major purchases<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>The pitfall: <\/strong>Whether you finance a major purchase or pay in cash, the change in your bank account, credit usage, or credit report will alert your mortgage loan officer to changes that don\u2019t match the initial paperwork.&nbsp;<\/p>\n\n\n\n<p>A lender begins to wonder if you\u2019re truly responsible with your funds (why buy a brand new car when you\u2019re already buying a home?). If you\u2019re suddenly out thousands of dollars, your interest rate or even qualification could be jeopardized.<\/p>\n\n\n\n<p><strong>How to avoid it<\/strong>: There\u2019s no great way to make a big purchase and <a href=\"https:\/\/www.flyhomes.com\/blog\/choosing-a-mortgage-lender\/\" target=\"_blank\" rel=\"noreferrer noopener\">apply for a mortgage loan<\/a> simultaneously.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Cosigning_a_loan\"><\/span><strong>Cosigning a loan<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>The pitfall<\/strong>: You want to help your child with student loans or a personal loan for a wedding or a car. That\u2019s what parents do.&nbsp;<\/p>\n\n\n\n<p>But why not wait until you can use your home equity after buying a home? Home equity loans or home equity lines of credit are typically lower interest rates than personal loans, but you must have equity in your new home to do that.<\/p>\n\n\n\n<p>If you cosign a loan for someone else, your credit score may dip.&nbsp;<\/p>\n\n\n\n<p>Your lender will consider that as part of your financial liability unless you already have a history of making payments as the primary borrower or if the loan is almost paid off. If your lender includes the payment obligation on the co-signed loan, that could disqualify you from a mortgage or, at least, spike your interest rate. Beyond that, you\u2019re on the hook for that loan now.&nbsp;<\/p>\n\n\n\n<p><strong>How to avoid it<\/strong>: There\u2019s no way around this. If someone needs a loan and you want to help, you\u2019ll need to accept that this means your mortgage application may now be in jeopardy.&nbsp;<\/p>\n\n\n\n<p>But speak to your loan officer. If they know the circumstances and your finances can handle it, cosigning on a loan for your child doesn\u2019t have to be the end of the road.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"When_applying_for_a_mortgage_avoid_purchases_that_impact_your_credit_score_or_debt-to-income_ratio\"><\/span><strong>When applying for a mortgage, avoid purchases that impact your credit score or debt-to-income ratio<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Avoid anything that will drastically change your financial situation, credit score, or debt-to-income ratio in the weeks and months before applying for a mortgage.&nbsp;<\/p>\n\n\n\n<p>That means planning for any purchases, loans, or credit lines you may need in the future and having those things cleared or on record with enough time.&nbsp;<\/p>\n\n\n\n<p>Once you start the process, stay the course: no big purchases, loans, or job changes. Just keep your eye on the prize because your new home, and all its equity, is right around the corner.&nbsp;<\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p><em>Applying for a mortgage is one of the first and most important steps to buying your new home but it can be complicated and slow. <\/em><a href=\"https:\/\/www.flyhomes.com\/useronboard\/flowform\" target=\"_blank\" rel=\"noreferrer noopener\"><em>Talk to Flyhomes Agent<\/em><\/a><em> and we\u2019ll help you get financed quicker with the right loan product for you.&nbsp;<\/em><\/p>\n\n\n\n<p><em>Mortgage loan products are offered by Flyhomes Mortgage, LLC a subsidiary of Flyhomes, Inc.&nbsp;<\/em><\/p>\n\n\n\n<p><em>Flyhomes Mortgage, LLC NMLS ID #1733272<\/em><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"120\" height=\"115\" data-attachment-id=\"9976\" data-permalink=\"https:\/\/flyhomes.com\/blog\/will-this-hurt-my-credit-score-5-credit-myths-debunked\/equal-housing-opportunity-logo-1\/\" data-orig-file=\"https:\/\/wp-media.flyhomes.com\/blog\/wp-content\/uploads\/2022\/07\/11074654\/equal-housing-opportunity-logo-1.png\" data-orig-size=\"120,115\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"equal-housing-opportunity-logo-1\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/wp-media.flyhomes.com\/blog\/wp-content\/uploads\/2022\/07\/11074654\/equal-housing-opportunity-logo-1.png\" data-large-file=\"https:\/\/wp-media.flyhomes.com\/blog\/wp-content\/uploads\/2022\/07\/11074654\/equal-housing-opportunity-logo-1.png\" src=\"https:\/\/www.flyhomes.com\/blog\/wp-content\/uploads\/2022\/07\/equal-housing-opportunity-logo-1.png\" alt=\"\" class=\"wp-image-9976\"\/><\/figure>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p class=\"has-text-align-center\"><a href=\"https:\/\/www.flyhomes.com\/business-disclosure\" target=\"_blank\" rel=\"noreferrer noopener\">Flyhomes Affiliated Business Disclosure<\/a> | <a href=\"https:\/\/flyhomesmortgage.com\/?utm_source=WORDPRESS&amp;utm_medium=BLOG&amp;utm_campaign=M_WNTD\" target=\"_blank\" rel=\"noreferrer noopener\">Visit Flyhomes Mortgage<\/a><\/p>\n\n\n\n\n\n\n<p class=\"has-text-align-center\"><\/p>\n\n\n\n<p>Flyhomes Mortgage <br>1201 Western Ave  <br>1st Floor, Mezzanine  <br>Seattle, WA 98101  <br>(855) 220-1238 <br>Flyhomes NMLS #1733272<br>Flyhomes Mortgage <a aria-label=\" (opens in a new tab)\" rel=\"noreferrer noopener\" href=\"https:\/\/flyhomesmortgage.com\/terms\" target=\"_blank\">Terms of Service<\/a> and<a aria-label=\" (opens in a new tab)\" rel=\"noreferrer noopener\" href=\"https:\/\/flyhomesmortgage.com\/privacy\" target=\"_blank\"> Privacy Policy<\/a> <br><\/p>\n<input type=\"hidden\" id=\"calendly_utm_post_id\" value=\"1056\" \/><input type=\"hidden\" id=\"calendly_utm_post_title\" value=\"6 things to avoid when applying for a mortgage\" \/>","protected":false},"excerpt":{"rendered":"<p>You know there&#8217;s a rulebook for applying for a mortgage. But is there anything you should avoid? Here&#8217;s what they are and how to avoid them. <\/p>\n","protected":false},"author":148668397,"featured_media":7696,"comment_status":"closed","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"no","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[655421623,8553,655421632],"tags":[35890,4269,18426,367398,59114],"class_list":["post-1056","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mortgage","category-strategy","category-tips","tag-featured","tag-finance","tag-financial-planning","tag-house-hunting","tag-mortgage"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>6 things to avoid when 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