Home buying can be tricky as you need to save money, pre-qualify for a mortgage, establish and manage a budget, and find the house that meets your criteria.  But while all this is happening, there are some actions that you may not want to take like applying for a credit card. Nor do you want to be buying a new car or making an investment into a large purchase. And definitely do not change jobs right before buying a home.  All of these activities could have an impact on your final mortgage approval. And thus, your home purchase. Just because you have been pre-approved and have your future dream under contact doesn’t mean you can sit back and assume the home is yours. While most of the hard work is done, there are still some things you need to avoid to not have delays in your journey of ownership.

• Don’t apply for a new credit card: Remember that when you apply for new credit card it can be BAD and look poorly on your credit rating, WAIT.
• Don’t buy a new car: If you would like to love in a new car instead of the dream home, then go ahead and pick one up.
• Don’t go furnish the home before you own it: We all know that you already have picked out the new couch, flat screen T.V. Avoid buying them until after you close on your home.
• Avoid changing jobs: Although job changes can provide better pay or a change for advancement, it could delay your quest for home ownership.
• Don’t close any credit accounts: It make sense to clean up your finances by cancelling unused credit cards and transferring balances to other credit cards to get lower interest rates when your offered them. Don’t do it! This can be bad move for your credit score.
• Don’t get behind on payments: Make sure you stay on top of your credit card and rent payments.
• Don’t move money without a paper trail: Your lender is going to need documentation for all your transactions to make sure you really have enough money.
• Don’t spend your savings: Your going to need cash for down payment and if you end up paying closing costs.

Remember if you have any questions on the do’s and don’ts while buying a home, ask me how I can help you make your homeownership a reality.