What Not to Do When Purchasing a House

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Some new homebuyers make the mistake of rushing out to buy new things for their home soon after the seller says "yes" and the loan is approved. There still remain a few major hurdles to jump before the house is really yours. Below you'll find a list of things to stay away from during this critical time of your home purchase.

1. Thou shalt not change jobs, become self-employed or quit your job.
2. Thou shalt not buy a car, truck or can (or you may be living in it!)
3. Thou shalt not use credit cards excessively or let current accounts fall behind.
4. Thou shalt not spend money you have set aside for closing.
5. Thou shalt not omit debts or liabilities from your loan application.
6. Thou shalt not buy furniture.
7. Thou shalt not originate any inquiries into your credit.
8. Thou shalt not make large deposits without checking with your loan officer.
9. Thou shalt not change bank accounts.
10. Thou shalt not co-sign a loan for anyone.
11. Thou shalt not file or amend tax returns while your loan is in processing.

Union Mortgage Investment Group can answer questions about these "Don'ts" and many others. Give us a call: 305-598-9896.

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