When you are planning to purchase a home and you expect to get a mortgage to pay for it, be very careful not to do any of these that may reduce your chances or your mortgage size:

The 10 Commandments when applying for a real estate loan....

1. Thou shalt not change jobs, become self employed or quit...
   
   
2. Thou shalt not buy a car, truck, van, boat or you may end up living in it
   
   
3. Thou shalt not use charge cards excessively or let any account fall behind
   
   
4. Thou shalt not spend money that is reserved for that down payment
   
   
5. Thou shalt not omit debt or liabilities in the application - we will find out about them and it will not be a good thing
   
   
6. Thou shalt not buy furniture until the keys for your house are in your hand - even at 0% interest and no payments for 2 million years
   
   
7. Thou shalt not originate any inquiries to your credit especially via the internet where you will have 40 inquiries to answer for after you pressed submit
   
   
8. Thou shalt not take the mattress money and put it into your bank account
   
   
9. Thou shalt not close any bank account or credit line for any reason
   
   
10. Thou shalt not co-sign for a loan for anyone no matter how they beg you to do it.