What Not To Do When Buying A House

What Not To Do When Buying A House

Buying a new home is exciting but there are some things you should be aware of. In this article, we will cover WHAT NOT TO DO WHEN BUYING A HOUSE! Purchasing a home can bring on a lot of emotions but one emotion can get you into hot water. It's called emotional buying! Purchase decisions are impacted by rational as well as emotional motives. Whether a decision is made based on emotional, or rational factors, is highly individual and depends on the person deciding, the product, and other circumstances. 

When buying a home, there are certain things you should not do or purchase until after the close of escrow. It's not worth jeopardizing your home loan for instant gratification on a new purchase. In this short video, I speak with Ken Harlow from On Q Financial in Phoenix, Arizona. He gives you a great insight on what not to do when buying a house. If you have questions regarding home financing, you can reach out to Ken Harlow by clicking here. Below the video, I will also include a list of the most common things we see in this industry and hopefully you can learn from their mistakes.

What NOT To Do When Buying A House

• Don’t Change Jobs

• Don’t Miss Loan Payments

• Don’t Make a Large Purchase (Car, Boat, Furniture, etc)

• Do Not Allow Credit Inquiries on Your Credit After Loan Approval

• Don’t Start Banking at a New Institution 

• Watch Those Zero-Balance Credit Cards

• Don’t Use Cash Advance On Credit Cards

• Be Careful Before You Consolidate Debt

• Don’t Ignore Lender Requirements

• Do Not Make Large Deposits or Withdrawals From Your Bank

• Don’t Allow Emotions To Take Over (Get Help!)

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Author: Michael Wynne
Phone: 480-760-1166
Dated: November 6th 2019
Views: 173
About Michael: I am a licensed REALTOR® in Phoenix, Arizona. I specialize in working with First Time Home Buyers, ...