Home Buying Tips September 11, 2022

3 Things You Should Not Do if You’re Buying Now

Here are Three Things to avoid when you are one month out from buying a house.

1. No large deposits. There is a caveat to this- talk to your lender if you are making a deposit from a family member or receiving a gift. If you are taking a distribution from retirement accounts, or stocks,  there are procedures you need to follow in order to make sure your funds are seasoned. Contact your lender for more information.

2. Don’t change your job. If you anticipate a job change during your home purchasing process contact your lender as quickly as possible.

3. No major purchases. This includes cars, jewelry, boats, etc. You do not want to jeopardize your debt to income ratio or approval.