Here are some things to avoid during the Kentucky home buying process to assure your transaction goes smoothly:
Here are some things to avoid during the Kentucky home buying process to assure your transaction goes smoothly: -Don’t Make an Expensive Purchase It’s best to avoid making major purchases like furniture, cars, appliances, electronic equipment, jewelry, or vacations until after the closing. Financing furniture with a credit card could jeopardize your credit worthiness during the time it means the most. Using cash to purchase big items can also create a problem because many banks take into consideration your cash reserve when approving your mortgage. -Don’t Get a New Job Lenders like to see a consistent job history. Generally, changing jobs will not affect your ability to qualify for a mortgage loan-especially if you are going to be making more money. But for some people, getting a new job during the loan approval process could raise some concern and affect your application. -Don’t Switch Banks or Move Money Around As your lender reviews your loan package, you will b...