The Do’s and Don’ts During the Mortgage Process

Posted on 20 November, 2014

While securing a loan can seem overwhelming, there are a few things you can do (and a few things you should avoid) to ensure an easy mortgage process.


  • Advise your Mortgage Broker if there are any changes in the information you’ve provided. This could include job, salary, address or any other factors that would affect the loan process.
  •  Keep records of all bank transactions, especially if you transfer large amounts from one account to another.
  • Get homeowner’s insurance with coverage equal to the mortgage amount or replacement value of your home.
  • Ask any questions you have and communicate all important information.


  • Change jobs if possible. It’s usually more desirable to show at least a two-year work history and a new job could affect that.
  • Change your overall asset picture. This could include changing investments, opening/closing accounts, or making unexplained large deposits.
  • Consolidate credit cards or get any new lines of credit. This can affect your debt-to-income ratio negatively.
  • Make any significant purchases during the mortgage process.

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