Common Buyers Mistakes

Before closing on your new home, avoid these pitfalls that could derail your home purchase.  Buying big ticket items such as a new car or boat could knock your income to debt ratio out of acceptable range and jeopardize your loan.  Changing jobs before everything is completed can also be a big mistake because lenders take into account how long you have been at your job.  Moving money around between banks or accounts can also cause problems with your loan since lenders will be looking to verify your funds and bank accounts and will require a documented paper trail.

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This entry was posted on Friday, October 10th, 2008 at 3:00 am and is filed under Buyers Tips. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.