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6 ways you're sabotaging your mortgage pre-approval

6 ways you're sabotaging your mortgage pre-approval

Home buyers make a lot of mistakes that hurt their chances of getting a mortgage pre-approval from their lender. You don’t want to join their ranks and sabotage your home purchase.

To find out what those missteps are, we talked to two lending experts: Casey Fleming, a mortgage advisor with C2 Financial Corp. in San Jose, and Heather McRae, a senior loan officer with Chicago Financial Services.

Here are the six common mistakes — and tips to avoid them:

1. Closing credit accounts

Once you’ve paid off a credit card or revolving debt account, you might be tempted to close the account so you don’t run it up again. But doing so...

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