Home-buying do's and don'ts

I should buy a new car while applying for a mortgage.

• False

• True

I should avoid quitting a bad job during my mortgage application.

• False

• True

I should wait until the weekend, when I have more time, to respond to my loan officer's requests.

• False

• True

I should have money saved in my bank account before applying for a mortgage.

• False

• True

I should not close credit card accounts that I don't use right before closing on my mortgage.

• False

• True

I should dispute items on my credit report while applying for a mortgage.

• False

• True

I don't have to pay my rent on time during the mortgage buying process.

• False

• True

I should call my mortgage loan office before making change to my employment.

• False

• True

I shouldn't transfer checking account balances from one account to another during the mortgage process.

• False

• True

I should pay off any collections or charge-offs while applying for a mortgage

• False

• True