If you are planning on obtaining a mortgage in the near future put a hold on moving you money around. When you apply for a mortgage the loan officer will probably want to see a paper trail for large amounts of cash that have been deposited or withdrawn. It might seem like a hassle but it helps mortgage lenders detect fraud and helps them validate that you have the ability to pay a loan back.

When making an offer on the home you want don’t forget all of the fees associated with obtaining a mortgage. You have to consider closing costs for the loan, buying your interest rate down with points, paying PMI (private mortgage insurance) if you won’t have 20% down, moving expenses, and the list goes on. Your Realtor should be able to help you with what to look out for.