You're Approved! (Sort of...)

You've filled out an enormous mortgage application, you've sent in your tax returns, pay stubs, bank statements, and you've answered all of the lender's questions in detail.  A week or so later you get the phone call you've been waiting for.  You're approved! 

There are still plenty of things that can turn that approval into a declined loan quickly.  We've seen the exact same mistakes made time and again, so we're sharing the top 7 ways that we see home buyers put their mortgage approval in jeopardy to help you avoid some of those potential pitfalls.

About Waterstone Mortgage  


What's the difference between working with a mortgage lender, a broker, and a savings and loan bank?


What's the difference between a pre-approval and a pre-qualification?


How much do you really need for a down payment?

Mistake #7

Making Large Purchases

Mistake #6

Using Funds For Closing That Weren't On Your Application

Mistake #5

Voluntarily Changing Jobs Before Closing

Mistake #4

Rate Shopping Lenders For Too Long

Mistake #3

Having Your Credit Pulled

Mistake #2

Hiding Things From Your Lender

Mistake #1

Running Up Credit Card Balances

With a combined 20+ years in the mortgage industry before our careers in real estate, we know what to look for in a lender and what to watch out for.  If you've got questions, we're here with answers.  If you're looking for a good lender, we definitely recommend reaching out to Barry Botwin and his team at Waterstone Mortgage. 

Contact Info
Barry Botwin
[email protected]
Office: 407-645-6315
https://winterpark-fl.waterstonemortgage.com/BarryBotwin.html
Waterstone Mortgage
2699 Lee Road #600
Winter Park, FL 32789

Check out our full library of helpful materials!

We've created interview videos, infographics, and detailed guides to help you through every step in the process.

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