Interest rates are the lowest we have seen them in 50 years so you could be looking at the best time to buy a home in a long, long time. Getting a home mortgage can be tough these days. Once you have been pre-approved for a mortgage there are several things you need to be cautious of as you move closer to closing day. Here are five:
- Don’t change your employment status
- Don’t make any major purchases (cars, furniture, vacations, home theater, lawn equipment, etc.)
- Don’t increase your credit card debt or miss your payments.
- Don’t change bank accounts or make undisclosed large deposits.
- Don’t apply for a credit card, co-sign a loan or make a credit inquiry.
