Avoid These Mistakes at All Cost!

Posted by: najirashid on Thursday, January 30th, 2014

Now that you have decided to purchase a home in 2014, you must avoid these mistakes at all cost. These mistakes will prevent you from getting your home during the loan process!

1. Purchase  a car or truck.

2. Change jobs or become self employed.

3. Fall behind on your payments.

4. Buy furniture for your new home (wait until you settle).

5. Originate any new inquires on your credit report.

6. Co-sign for anyone.

7. Increase your credit card debt.

8. Make large deposits into your bank account that you cannot document.

9. Spend money you have saved for your down payment.

10. Make any large purchases (this could affect your debt to income ratio).

If you need clarification on any of the above mistakes to avoid don’t hesitate to contact me.

 

 

Topics: Buyers

 

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