| tart --> | | | | Make sure the information you are providing is |
| Homeowners make a variety of mistakes when | | | | accurate; do no overestimate your income or |
| shopping for a mortgage loan. Some mistakes can | | | | assets. If you inflate your income or credit |
| damage your credit score and affect the interest | | | | standing when requesting quotes the lender may |
| rate you qualify for. Here are tips to avoid | | | | change the mortgage or interest rate once they |
| common mortgage mistakes. | | | | have accurate information. This can hurt your |
| Protect Your Credit | | | | changes of being approved with the best interest |
| Shopping from a wide variety of mortgage | | | | rate. |
| lenders and brokers is a smart idea; however, do | | | | Your application process will be much easier if you |
| not let these lenders access your credit while you | | | | provide an accurate picture of your income, |
| shop for a mortgage. Anytime a lender accesses | | | | assets, and credit standing. |
| your credit an inquiry is logged on your history. | | | | Use Reputable Websites |
| Too many credit inquiries in a short period of time | | | | Make sure the websites you visit are from |
| will damage your credit score. | | | | reputable companies. If they request information |
| When shopping for a mortgage online always | | | | make sure the websites use secure connections. |
| request no obligations quotes. Do not provide your | | | | You can tell if a website is secure by looking for |
| Social Security number until you are ready to | | | | the padlock in the lower right corner of your |
| apply for the mortgage choose. By withholding | | | | browser window. Look for mortgage lenders that |
| your Social Security number when shopping online | | | | have a privacy policy and certification from |
| mortgage lenders will not be able to access your | | | | organizations such as the Better Business Bureau |
| credit until you are ready. | | | | Online. |
| Provide Accurate Information | | | | |