Buying a Home? 10 Financial Things You Shouldn’t Do

You’ve decided to buy a house, and you need financing. Even if you have good credit, you should keep your finances shipshape until closing so that lenders won’t think twice.

Here are 10 things to avoid while you’re buying a home:

1. Don’t change your job before applying for a home loan.Also, now is not the right time to become self-employed or to 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. As with your employment, you want your banking history to show stability.

READ MORE: http://www.realtor.com/advice/buying-a-home-10-financial-things-you-shouldnt-do/

Published by