Home Mortgage DO’s and DON’Ts


  • Have a realistic budget. At least four to six months before you want to begin a serious search for a home focus on remaining within a budget, indicating you have the ability to save while paying off debt.
  • Know what totally monthly home payment gives you peace of mind, in a nutshell, what dollar amount each month are you comfortable with.
  • If you owe any credit card debt, do your best to pay it off to eliminate interest costs, as well as, indicating you are a good credit risk.
  • Save as much money as possible toward the down payment, lender closing costs, third party fees and set up of your escrow account.
  • Read up about the benefits of home ownership over one’s life time.
  • Watch your spending habits. Debt to income is an important part of a lender’s decision as to how much of a home loan payment can you afford while paying any consumer debt, student debt, automobile debt. lender’s generally do not want to see a total debt to income exceed 38.00%.
  • If you are thinking of purchasing a home which needs renovation, let’s discuss if a loan for the purchase and repairs, an all in one product, could be a good fit for you.
  • Learn about the property taxes in the area you are wanting to purchase in.


  • Don’t take on any new consumer or automotive debt.
  • Don’t have more than three to five inquiries on your credit report.
  • Don’t have any overdrafts on your checking account.
  • Don’t go over your credit limit on your credit cards.