Do's and Don'ts of Buying a Home
Don't get pre-qualified.
That means a full underwrite where your lender knows with confidence you can afford your price range.
DON’T use your credit cards for
excessive spending or large items
DON’T open or apply for new credit
cards (even if they offer you a great
deal, say NO until you close)
DON’T make out-of-the-ordinary
large deposits (discuss with your
lender if necessary)
DON’T co-sign a loan for anyone no
matter how much you love them or
what promises they make
DON’T buy a vehicle, even if you are
DON’T lie on your application...
because it will be caught!
DON’T make sudden changes to your
income or spending habits
DON’T quit your job or go into a new
field of work
DO pay your credit cards on time
DO keep your money where it is
(changing banks requires lender
DO keep a positive balance in all of
your checking and savings accounts
DO provide documents for your
lender in a timely manner
DO keep your loan officer's number,
they are your source for financing
DO get excited. This is a big moment,
and I am the best realtor for you!
DO create a checklist of must-haves
and a wish list of wants
DO think about the future, what you
want today and for the next five years
DO some research on your own and
get to know the area you want
Most homes close within 30 - 45 days.
Patience is a virtue.
Wait until you are in your home before you do any of these.