Hi I’m Brian Tran, a San Francisco realtor and here are three of the dumbest things you can do when applying for a home loan. Mistake number one Making a big purchase while applying for a loan I’ve seen clients buy brand new cars during the loan process This can really throw off your debt to income ratio jeopardizing your loan. Mistake number two Not using a local, experienced lender You wouldn’t use a realtor in Iowa to buy a condo in California. The same goes for mortgage lenders. I’ve seen countless deals fall apart because an out of town lender doesn’t know the market. Mistake number three Not getting a second opinion If it sounds too good to be true, get a second opinion a third or even a fourth Choosing a home loan is an important decision, make it a smart one.