1. Don’t lose the money trail – Where is your money coming from?
2. Don’t spend your savings – You may need a higher down payment.
3. Don’t make late payments – Keep showing you’re creditworthy.
4. Don’t close credit accounts – This causes your credit scores to drop.
5. Don’t change jobs – Job stability is an important factor.
6. Don’t buy furniture yet – Wait until you actually own the home.
7. Don’t finance a car – Keep your debit-to-income ratio as is for now.
8. Don’t apply for new credit – This affects your debit-to-income ratio and your credit scores.
For more information, contact Jensen and Company, your Park City, Utah Realtors.
