The 10 Commandments – When Buying A Home

Considering buying a home in the next few months?  There are a few actions that you can take that will negatively affect your credit score and therefore your home purchasing power.  If at all possible, you should follow the Keller Williams Realty 10 Commandments if you are seriously considering buying a home.

 

The 10 Commandments 

  1. Don’t change jobs or become self-employed
  2. Don’t make any major purchases until long after the closing (such as an automobile or large appliances)
  3. Don’t use your credit cards or let your payments fall behind
  4. Don’t spend the money you have saved for your down payment
  5. Don’t buy furniture before you buy your house
  6. Don’t originate any new inquiries on your credit report
  7. Don’t make any large deposits into your bank account
  8. Don’t change bank accounts
  9. Don’t co-sign for anyone
  10. DO try to keep your financial picture as clear as possible until closing day be following the tips listed above
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