Here is week 16 in our series of home buying tips: Keep Your Money Where It Is.
It’s not wise to make any huge purchases or move your money around three to six months before buying a new home. You don’t want to take any chances with your credit profile. Lenders need to see that you’re reliable and they want a complete paper trail so that they can get you the best loan possible. If you open new credit cards, amass too much debt, or buy a lot of big-ticket items, you’re going to have a hard time getting a loan.
We would love to introduce you to a local mortgage professional who can advise you on strategic money handling just before you purchase a home. Simply call or email us, and we’ll get you in contact with them quickly.