Monday, June 18, 2018 / by Peter Hewitt Team Lehigh Valley Realtor
8 Things Not to Do when Buying a Home!
It is exciting to shop for and find your dream home, but during that process there are a few things you will want to remember below. Plus our team and our lenders will keep you on track along the way!
1. Don’t change your job before applying for a home loan.
Along with that, now is also not the right time to become self-employed or quit your job. You want to show lenders stability, which means you’ll be less likely to default on the loan.
2. Don’t change banks.
Like your employment, you want your banking history to show stability.
3. Don’t buy a car or truck or any other form of transportation that you have to finance.
Buying anything on credit increases your debt-to-income ratio and that’s something lenders don’t want to see.
4. Don’t buy furniture on credit before buying your house.
Like financing a car, charging big-ticket items increases your debt-to-income ra ...
1. Don’t change your job before applying for a home loan.
Along with that, now is also not the right time to become self-employed or quit your job. You want to show lenders stability, which means you’ll be less likely to default on the loan.
2. Don’t change banks.
Like your employment, you want your banking history to show stability.
3. Don’t buy a car or truck or any other form of transportation that you have to finance.
Buying anything on credit increases your debt-to-income ratio and that’s something lenders don’t want to see.
4. Don’t buy furniture on credit before buying your house.
Like financing a car, charging big-ticket items increases your debt-to-income ra ...
