Buying a home is a big step, and requires forethought into what you should and should not do. Here are the 10 commandments of buying a home that we’ve encountered.
- Thou shalt not change jobs, become self employed, or quit your job
- Those shalt not buy a car, truck, or van (or you may be living in it)
- Thou shalt not use charge cards excessively or let your accounts fall behind.
- Thou shalt not spend money you have set aside for closing
- Thou shalt not omit debts or liabilities from your loan application
- Thou shalt not buy furniture
- Thou shalt not originate any injuries into your credit
- Thou shalt not make large deposits without first checking with your loan officer
- Thou shalt not change bank accounts
- Thou shalt not co-sign a loan for anyone.
Just follow these commandments and closing the deal should be much easier. Now let’s go paint the town red!
