DOs and DONTs When Buying A Home

🏡 Thinking about buying a home? It’s an exciting time, but it’s important to know the dos and don’ts to ensure a smooth process.

🔸DO:

1. Ask for a credit limit increase - a higher limit can improve your credit score and make you a more attractive candidate for a mortgage.

2. Apply for home-buying grants - there may be government or local programs available to help with the cost of purchasing a home.

3. Pay off credit cards before the statement closes - paying off your credit cards in full each month can help boost your credit score.

🔸DON’T: 

1. Open new credit lines - opening new lines of credit can lower your credit score and make it more difficult to secure a mortgage.

2. Buy or lease a new car - large purchases like these can have a significant impact on your debt-to-income ratio.

3. Co-sign on new loans - co-signing on a loan can affect your credit score and debt-to-income ratio, making it more challenging to secure a mortgage.

By following these guidelines, you’ll be one step closer to buying the home of your dreams! 💰