CT Real Estate Barbara Altieri : 5 Important Don'ts When Buying A House

CT real estate REALTOR Barbara Altieri shares market and general information on towns in Fairfield County and New Haven County.

5 Important Don'ts When Buying A House

You’re buying a home, your offer is accepted, and you’ve gotten through the inspection. Your financing is looking good so far and you’re in the ‘wait’ mode anticipating getting into your new home.  What should you do now?  Maybe buy some new furniture. NO!!!  George Souto Activerain associate and McCue Mortgage Loan Officer, warns against some actions that just might jeopardize your financing. Read on…..

 

 

 

I have written about the steps that a Homebuyer needs to go through in the past, which I will refer to as the "Do's Of Purchasing A House".  But just there are "Do's Of Purchasing A House", there are "Don'ts In Purchasing A House.  Just like there are many "Do's" there are also as many "Don'ts", but for now I will just go over "5 Important Don'ts When Buying A House".

  1. DON'T go out an buy a new car, or furniture or ANY other large purchase.  The new payment could disqualify you from being able to get for a mortgage.
  2. DON'T stop making payments on your bills such as credit cards, student loans, car payments, rent, utilities, etc. 
  3. DON'T apply for new credit cards while your mortgage is being approved.  This could lower your credit score, and if your credit is checked again before your Closing you may no longer qualify.
  4. DON'T make large deposits or withdrawals that you can not document.
  5. DON'T quit your job, even if it is for a better one.  A change in jobs will mean that you will have to produce 30 days worth of paystubs for the new job, and this could delay your Closing.

There are other things that you Loan Officer might also advice you to not do, but these are five of BIG ones.  Remember one BIG "Do" during during the time you are purchasing a home, when in doubt call your Loan Officer and ASK.  The few minutes that it takes to make a phone call could save you hours of delays and problems later on.

 

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Who To Call For Your Mortgage Needs In Connecticut:

George Souto NMLS# 65149 is a Loan Officer who can assist you with all your FHA, CHFA, and Conventional mortgage needs in Connecticut. George resides in Middlesex County which includes Middletown, Middlefield, Durham, Cromwell, Portland, Higganum, Haddam, East Haddam, Chester, Deep River, and Essex. George can be contacted at (860) 573-1308  gsouto@mccuemortgage.com, or visit my McCue Mortgage Homepage. 

  

 

Barbara Altieri, REALTOR®
Listing and Buyer's Agent
Certified Short Sales Specialist
RealtyQuest Real Estate Sales and Services Team

Kinard Realty Group
30 Huntington Street, Shelton CT 06484
Office -- 203.929.1752
Cell -- 203.520.6930
Email -- barbara.altieri@realtyquest.com

 

 

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Comment balloon 3 commentsBarbara Altieri • August 11 2011 01:15PM

Comments

A while back one of our buyers texted us pictures of the new bedroom set...a week before closing!!  We called right away to find that the buyers daughter bought them the set as a housewarming gift!

Posted by Garth Jones (Prudential Tropical) over 7 years ago

Barbara, thank you for the reblog and getting this information to Buyers.  Once you are under contract stay away from the stores :)

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) over 7 years ago

Garth -- Your jaw must have hit the floor when you saw that. Good thing it was a gift!

George -- You're welcome.  It's VERY important info as you well know.  That's right. Restraint in buying is definitely required after contract.

Posted by Barbara Altieri, REALTOR-Fairfield County CT Homes/Condos For Sale (RealtyQuest/Kinard Realty Group, Fairfield and New Haven County CT Real Estate) over 7 years ago

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