4 Things to Avoid Before Purchasing a Home

Do Not Change Jobs
Changing jobs before or during the loan process can create a real problem in qualifying you for a loan. A different line of work or a lower rate of pay also effects qualifying for a loan.

Do Not Switch Banks or Move Your Money Around
It is best to leave your money in the same accounts until your loan is closed. Moving your money to a new bank or even into a new account can wreak havoc with the verification process.

Do Not Pay Off Bills
Your loan officer will advise you if it is necessary to pay off bills to help you qualify for a loan. They will show you the best way to pay off bills to make sure escrow will have evidence they need to show paid bills.

Do Not Make Any Major Purchases
Many borrowers make the mistake of buying a new car, some furniture or making a major purchase without realizing the impact it can have on their ability to buy a home. A new large monthly payment can effect the amount of home you qualify for or getting loan approval.


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