Getting your offer accepted is not the end of the home-buying process. If you’re not careful, that dream home can quickly become a missed opportunity. Hi, I’m Danielle Abraham with the RE/MAX NC Coastal Team and I am about to save you from losing out on your dream home. Over the years we have seen many buyers make these mistakes after they’ve gone under contract on the homes. But once that contract is in place, you want to avoid these 10 things:
Don’t change jobs, become self-employed, or quit your job
Don’t buy a new car, van or truck - you may end up living in it!
Don’t use any charge cards or let your accounts fall behind
Don’t spend any money you have set aside for closing
Don’t omit any debt or liabilities from your loan application
Don’t buy any furniture even if the payment is deferred until after closing
Don’t allow any additional inquiries on your credit except for insurance purposes
Don’t make any large deposits or take out any large deposits without first checking with your lender
Don’t change bank accounts
Don’t co-sign on a loan for anyone, not for a car, not for a house, not for anything no matter what, and be sure to tell your lender if you have already co-signed for anyone because that debt goes against you and needs to be accounted for when getting approved.
Follow these 10 Commandments of buying and you will make the process that much easier! Give us a call and we will be sure to give you all the information you will need to stay safe and assure we can close on your home once you’ve been accepted!
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