Don’t make these Money Mistakes

    You’ve finally made that big step and found the home of your dreams. You can’t wait to move in and make it your own.  But wait!  Just because you are pre-approved does not mean the lending approval process is over.  Stay patient and don’t make the following money mistakes:

    ·         Don’t make any major purchases – this includes furniture and appliances.  Wait until you have closed on the home

    ·         Don’t change jobs – lenders look for job stability when considering a home loan application

    ·         Don’t apply for new credit – this affects your credit score

    ·         Don’t close credit accounts – this causes your credit score to drop

    ·         Don’t spend your savings – you may need this for closing cost or a larger down payment

    ·         Don’t finance a car – this affects your debt to income ratio

    ·         Don’t omit debts or liabilities from your loan application

    Talk to one of our experienced real estate agents on the Shellenberger Team if you have questions regarding the “do’s and don’ts” of buying a home.  We are here to help walk you through the entire process.

    Real Estate Don'ts
    Don’t make these mistakes when applying for a Mortgage

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