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Do’s and Don’ts For First Time Homebuyers

St. Louis – June 1st, 2022 – Gershman Mortgage, a leader in the mortgage industry, knows that being a first time home buyer can seem overwhelming and stressful at times. There are several do’s and don’ts that often are not communicated to the buyer during the mortgage process which can cause hiccups along the way. However, Gershman Mortgage is here to walk with you through every step of the home buying journey, answer any questions you have, and give you valuable insight as to how the mortgage process can be as seamless as possible!

Here is a list of do’s and don’ts that we recommend borrowers follow throughout the home buying journey to ensure that the process runs smoothly.


  • DO make your mortgage payment on time
  • DO stay current on your accounts
  • DO keep working at your current employer
  • DO notify us of changes in employment
  • DO continue to use credit as normal
  • DO keep all paystubs, bank statements and other documents organized
  • DO tell your loan officer about any gift funds at closing


  • DON’T change your employers or quit your job
  • DON’T apply for loans or make big purchases
  • DON’T deposit large sums of money without notifying your loan officer
  • DON’T open or close any asset accounts
  • DON’T pay off credit cards without talking to your loan officer first
  • DON’T close any credit cards
  • DON’T pull your credit report

There are several things you can do to get ready for the homebuying season, so it may be a good idea to sit down with a knowledgeable loan officer before you’re ready to buy. Gershman Mortgage staffs only the best and brightest loan officers in the game, and they’ll help you make the best decision for you and your family. Especially when it comes to down payments, they can help you determine a price range that fits your budget and approximately how much you’ll need.

When you’re ready, contact a Gershman Mortgage Loan Officer to start your journey home today.

 About Gershman: Communities, families, and homes are at the heart of what we do at Gershman Mortgage.  Our founding principles are based on the core values of honesty, integrity, the entrepreneurial spirit, and putting our customers first.  We are passionate and committed to customer service and strive to ensure that we exceed the expectations of our customers.  We are a customer-centric company devoted to creating and maintaining long-lasting relationships.

NMLS #138063 16253 Swingley Ridge Road Suite 400 Chesterfield, MO 63017 (800) 457-2357 Equal Housing Lender.