Got pre-approved to buy a home? Already have your dream home under contract? Make sure your home buying process goes smoothly, and as planned. Here are eight things you need to avoid to make sure you actually get your home in a timely fashion.
1. Don’t lose the money trail – Where is your money coming from?
2. Don’t spend your savings – You may need a higher down payment.
3. Don’t make late payments – Keep showing you’re creditworthy.
4. Don’t close credit accounts – This causes your credit scores to drop.
5. Don’t change jobs – Job stability is an important factor.
6. Don’t buy furniture yet – Wait until you actually own the home.
7. Don’t finance a car – Keep your debit-to-income ratio as is for now.
8. Don’t apply for new credit – This affects your debit-to-income ratio and your credit scores.
For more information, contact Jensen and Company, your Park City, Utah Realtors.
Infographic by: jensenandcompany
1. Don’t lose the money trail – Where is your money coming from?
2. Don’t spend your savings – You may need a higher down payment.
4. Don’t close credit accounts – This causes your credit scores to drop.
5. Don’t change jobs – Job stability is an important factor.
6. Don’t buy furniture yet – Wait until you actually own the home.
7. Don’t finance a car – Keep your debit-to-income ratio as is for now.
8. Don’t apply for new credit – This affects your debit-to-income ratio and your credit scores.
For more information, contact Jensen and Company, your Park City, Utah Realtors.
