August 22, 2017

Most Common Errors to Get Your Mortgage Application Denied and UnApproved

All too often many people end up ruining their mortgage approval before the loan is closed.  I see this all the time and clients often freak out have major stress and anxiety.

Here are the most common errors people make to get their loan denied.  Make Sure Your Loan Gets Approved:

What NOT to do When Applying for a Mortgage



The most common form of stress that I see in a buyer is that they don’t give any room for error in timing.  Just because your contract says you should close in 30 or 21 days does not mean something won’t go wrong.

Don’t book moving vans or cancel your lease until you have your KEYS IN HAND!!

Bad Mortgage Behavior, Defined

Keeping “good behavior” in mind, here are 8 things you should absolutely not do between your date of application and your date of funding. Any one of them could force a revocation of your mortgage approval.

Ignore these rules at your own peril.

  1. Don’t buy a new car or trade-up to a bigger lease
  2. Don’t quit your job to change industries or start a new company
  3. Don’t switch from a salaried job to a heavily-commissioned job
  4. Don’t transfer large sums of money between bank accounts
  5. Don’t forget to pay your bills — even the ones in dispute
  6. Don’t open new credit cards — even if you’re getting 20% off
  7. Don’t accept a cash gift without filing the proper “gift” paperwork
  8. Don’t make random, undocumented deposits into your bank account


About Jason Wheeler - Real Estate & Lending

Jason Wheeler got started with in the Real Estate & Mortgage Lending business in 2003. Since then Jason has become a top producer for one of the largest, most well respected Real Estate and Mortgage Brokers in the industry, producing quality loans in California, and helping countless families with their home purchases and sale. For fun... Jason loves being outdoors and writing important tips on his blog (what you are reading now) and hangs with his wife kids and dog. IF YOU LIKE THIS CONTENT GO VIP HERE


  1. Bob Hardwick says:

    I made a few of these mistakes on my last loan application… wish I had read this article first. I’m sharing it.

  2. Thanks for sharing Bob.

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