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5 Things You Should Never Do After Applying For A Mortgage For A House In Athens

The stresses of juggling everything going on while buying a home can add up quickly. All the steps, including looking at listings, putting your budget together, and then getting pre-approved for a mortgage are enough to get most people worked up. In order to help you from making any rash decisions and get yourself in a bind, here are 5 things you should never do after applying for a mortgage for a house in Athens.


Once you have applied for a mortgage, your lender of choice will begin the process of determining if they believe you qualify for a loan through them, how much they are willing to lend you, and at what interest rate the loan will be offered to you.

The lender primarily factors in your income and credit history to make all of these determinations. It’s very important that you do everything you can to keep things status quo during this process to make sure the lender trusts you will be a responsible client.

If you change your job, this may mean an adjustment in your income and can have an impact on the level of risk the lender believes you carry and can impact your chances when applying for a mortgage.


If you’re in the market for other big-ticket items at the time you’re also looking to purchase a home, it may be time to make a choice between one or the other.

With your main goal to keep your credit history as-is throughout the homebuying process, making any large purchases could bring a big problem into the equation when applying for a mortgage. This includes any large purchases that could be made in cash but also paying using a credit card.


Speaking of your credit card balance, make sure you’re as close to debt-free on your credit cards as possible.

It isn’t a big issue to have some credit card debt, but if you’re floating a large monthly balance across all of your credit cards, that’s going to be a red flag for most mortgage lenders. By keeping large purchases out of the picture and sticking to your budget, you’ll be doing yourself a big favor in securing a decent interest rate when applying for a mortgage.


An important step that can be overlooked by some is to not open or close any existing lines of credit at your disposal.

When your lender is looking through your credit history, they want to see a long-term habit of responsibly managing your available finances. This tells them they can trust you with their money now in order for them to recoup the cost of the loan later.

Some people might think it’s okay to let an existing credit account close because they have it paid off and that makes them look responsible. However, remember that letting that account close means you then have less credit immediately available to you.


Last but not least, do not take out or co-sign on any other loans after applying for a mortgage. You may think it’s OK to co-sign because, ultimately, someone else is paying for the loan. Keep in mind that co-signing a loan still makes you a liable party if that original person fails to pay on time.

Lenders want to see consistency in your credit history and tacking on an additional possible point of risk with another loan could send them running for the hills.

Professional Assistance Applying for a Mortgage in Athens

The biggest thing to remember regarding your credit during the home buying process is to keep it steady – no big changes, if at all possible. Make that happen and you’ll be on your way to settling down in your new abode in no time.

If you need help applying for a mortgage in Athens, contact us today at 706-426-1082!

Georgui Kassaev

Georgui Kassaev was invited to this country in 1996 during the Atlanta Olympic games. The first place he came to call his home after leaving Russia and performing all over Mexico, was Athens. He became a professional mixed martial arts fighter, then coach, and eventually obtained two black belts in taekwondo and Brazilian jiu-jitsu. He formed a specialty carpentry and construction business which sparked his passion for real estate. He then rediscovered his first passion performing. After all, he has performed in the circus since he was eleven years old in front of thousands of people and then again when he was an adult as a professional fighter. In 2018 he landed his first 3 television roles. While acting, he continued developing his real estate skills, becoming a value-add investor in the Classic City and then getting his real estate license. He has now become a listing specialist in the Greater Athens Area, working with homeowners to protect their interests and get them the right price for their property! However, he never abandoned his construction roots and works with investor clients to help them buy properties based on their numbers with no aversion to making multiple offers. Georgui is fluent in three languages Russian, Spanish, and English. He is proficient in video production and social media marketing.

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