If you’re looking to buy a new house in Houston, then you need to avoid doing these 8 things:
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Don’t apply for a new credit card. When you apply for a new credit card, it can be bad for your credit rating. Just WAIT!
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Don’t buy a new car. Just don’t do it, unless you want to live in a new car instead of a new home.
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Don’t furnish the home before you own it. Yes, you found the perfect couch, entertainment center, and TV for your home, but don’t buy them until you close on your home.
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Avoid changing jobs. Although job changes can provide better pay or a chance for advancement, it could delay your quest for a new home.
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Don’t close any credit accounts. Although it makes sense to cleanup your finances by canceling unused credit cards and transferring balances, but don’t do it. This can be a bad move for your credit score.
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Don’t get behind on payments. Make sure you stay on top of your credit card and rent payments.
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Don’t move money without a paper trail. Your lender is going to need documentation for all your transactions to make sure you really have enough money.
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Don’t spend your savings. You’re going to need cash for a down payment, and if you end up paying closing costs.