1. Don't apply for a new credit card. Remember that when you apply for a new credit card, it can be BAD and look poorly on your credit rating.
2. Don't buy a new car. If you would like to live in a car instead of your dream home, then go ahead and pick one up.
3. Don't go furnish the home before you own it. We all know that you have already picked out that new couch, entertainment center and flat screen TV.
4. Avoid changing jobs. Although job changes can provide better pay or a chance of advancement, it could delay your quest for home ownership.
5. Don't close any credit accounts. This can be a bad move for your credit score.
6. Don't spend your savings. You're going to need cash for down payment and closing costs.
7. Don't move money without a paper trail. Your lender is going to need documentation for all your transactions to make sure you really have enough money.
8. Don't get behind on payments. Make sure you stay on top of your credit card and rent payments.
No comments:
Post a Comment