If you are in the market for a new mortgage there are things you need to know before shopping for a lender. Mistakes made when applying for a mortgage can result in having to pay a higher interest rate, fees, or even having your application denied.

Credit Mistakes to Avoid

The biggest mistake you can make regarding your credit is misrepresenting your income and credit to a lender. You should be asking for no-obligation quotes when shopping for a mortgage to protect your credit from too many lender inquiries; if you misrepresent yourself you could lose the loan when the lender actually pulls your credit.

Bad Credit Mistakes

Having bad credit is punishment enough for any financial mistakes people make. It