First Time Home Buyer Do's and Don'ts when getting a new home mortgage

Mortgage and Lending with American National Bank & Trust NMLS #268590

As we prepare to enter a new year, I want my clients and prospective buyers to get off on the right foot.   To help First Time Home Buyers out and even to refresh the most seasoned veteran, here are some smart things to keep in mind as you approach your mortgage process.

Know that you can always call me BEFORE  you do anything to be sure it will not have a negative effect.   There are a lot of folks that will tell you a lot of things to do and sometimes they are telling you the WRONG thing to do.

I am your LICENSED Virginia Mortgage Expert and I can help you do the right things to get your loan approved and closed.   I will work with you, step by step, to be sure there are no problems or delays.

The best thing you can do while in the process of getting a new mortgage, as a First Time Home Buyer or as a seasoned Home Buyer, is to keep your financial status as stable as possible until the loan is funded and recorded.

Getting a new mortgage can be a little overwhelming for a First-Time Home Buyer with all of the important details, guidelines, documentation and potential speed bumps along the way.   Any number of minor changes or credit checks could easily raise a red flag or cause a negative impact on your credit score that may result in your loan being delayed or denied.

Since there are so many rules and steps to follow, here is a simple list of Do’s and Don’ts for the First Time Home Buyer to keep in mind throughout the mortgage qualifying and approval process:



  • Continue working at your current job
  • Stay current on all your accounts
  • Keep making your house or rent payments
  • Keep your insurance payments current
  • Continue to maintain your credit as usual
  • Call me if you have any questions



  • Quit or change your current employment
  • Make any major purchases (Car, Boat, Jet Ski, Home Theater…)
  • Apply for new credit
  • Open new credit cards
  • Get behind on credit card payments
  • Transfer any balances from one credit or bank acct to another
  • Pay off any charge-off accounts or collections
  • Take out furniture loans
  • Close any credit cards
  • Max out your credit cards
  • Consolidate credit debt
  • Stop making current rent or mortgage payments on schedule


Most importantly, check with your Licensed Mortgage Loan Originator, DEANNA EARLY, on even the simplest questions about any credit changes you anticipate making to be sure your loan approval will be successful.   Remember that I'm as close as a phone call and follow these . . . . . 



First Time Home Buyer Do's and Don'ts

when getting a new home mortgage





Deanna Early is the # 1 ranked Mortgage Loan Originator in Franklin County, Virginia as scored by the ActiveRain real estate site.   She is a Nationally Licensed Mortgage Loan Originator located near Smith Mountain Lake, Virginia.   She does both purchase and refinance loans throughout the state of Virginia.   She is a residential loan originator for American National Bank and Trust.   She provides home mortgage loans, construction loans and lot loans as well as second or vacation home loans and investor financing.

Please visit her website at   and learn more in the Virginia Mortgage Blog

You can contact her for your financing needs at (540) 721-2349 or by email at  ""

The views expressed in this post are mine only and do not necessarily reflect the views of American National Bank and Trust Company.   Any scenarios presented are for illustrative purposes only and are not intended to refer to or represent any actual or specific clients, negotiations or financial transactions.


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Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Deanna. Your post should be featured! Your post is very well done and the list of what to do and not do is so very true.

Dec 28, 2015 06:36 PM #1
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By eXp Realty - Alexandria, VA
Alexandria Virginia Homes For Sale

Deanna, I agree with Joe Petrowsky this is feature worthy! I had a deal collapse this year because the buyer bought a new car during the loan process. When in doubt check with your loan officer before making a purchase that's out of the ordinary!

Dec 28, 2015 10:01 PM #2
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC


First time home buyers should read your post . . . . Great information.

Good luck and success.

Lou Ludwig

Jan 01, 2016 02:37 AM #3
1~Judi Barrett
Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

Deanna,  What a great post for first time home buyers and a review for those that have experience getting a mortgage too!

Jan 01, 2016 08:37 AM #4
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

This is great advice for anyone getting a mortgage and first timers especially don't know the ropes.

Jan 02, 2016 01:33 AM #5
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC


First time home buyers need a real estate professional to help guild them through the real estate transaction.

Good luck success.

Lou Ludwig

Jan 02, 2016 10:58 AM #6
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC


Have a great week.

Good luck and success.

Lou Ludwig

Jan 03, 2016 08:51 AM #7
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DEANNA EARLY - - ( NMLS # 268590 )

Highest Ranked Mortgage Loan Originator Virginia
Can I help you with your Home Mortgage question or application
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