Quick Home Buying Tips on What NOT To Do Before Closing As a First Time Home Buyer 2022

you dont have to worry about any of this if your buying a house in cash ( no mortgage )

Making large deposits?

Can you elaborate on not "changing careers?" Is it because lifestyle creep? Or is it that there's less security in a new job?

switching careers is really solved by just being communicative.. Just let them know hey I want to take this role that was offered, will this affect my eligibility for the loan.. then if not, go forth

What about making a correction on your previous years taxes before closing?

I dont even kno where to start it feels impossible i was never taught any of this

I feel like you're targeting me lol

Got it. Working with you folks now...

Why not make big deposits? I just pulled from my 401k to be able to afford closing costs and my loan officer is very aware.

Can you open a credit card 1 year before purchasing a house? Or should there be two years of no inquiries? Thanks

What will happens if so? Just curious

Omg where is your top from?

Can you elaborate on why no large deposits ?

You need to add DON’T GO ON VACATION.

God she is stunning

Absolutely and your real estate agent should tell you this. I was selling a house 3 months for inspections, repairs, paperwork and the guy bought an engagement ring 3 days before close he no longer qualified. His big plan on a surprise when they walked into their new home was lost in that meeting. She knew and they had no place to live, all belongings in a uhaul. I felt bad for them and told my agent we could rent to them for a month, luckily my agent said really bad idea. Sold 3 weeks later for $10,000 more because simple repairs. So happy I listened to my agent. My agent did right by me, first couples agent should have warned them about big purchases before signing.

So opening a new card 5-6 months before to help increase credit score it not an option?

Why no co-signer??? Does that not get you more loan/more house?

Now what about after you get the clear to close. Can you do any of these things

How do you not make a large deposit if you are moving money from a retirement account to your checking account for the down payment?

I make 120k a year at 26. I don’t really need to buy a house. Renting seems easier in todays world of issues. Just curious what reason people have to buy a house. I’d rather move whenever I want and not be locked into a place/location.

😂😂😂we not the descendants of slaves, we're descendants of kings🤠 😅. The delusion of grandeur never ceases to amaze.

I remember having a conversation about murder with the last man i was talking to then i asked if he would go to war and kill, to which he calmly said yes.

This man is one of the calmest people i know...the way he responded was so cold and scary, ill never forget it. That made me cautious coz i knew then that he's capable of horrendous things. We stopped talking last year but all you're saying is facts

I'd buy any house if she sold it to me

What you mean “making large deposits” would affect it? What if I’m expecting a large probate inheritance for the down payment.

How about buying a puppy? I plan on getting a $4500 pup and might coincide with around the closing date and no Im not adopting from a shelter thank you very much

Imagine being a milf that looks 25🥹

True. I DID ALL THAT AFTER CLOSING

All good advice!

still true today?

What if i spent about 1,500 on my credit cards before closing?

Yes 🙌

Buying a car? Buying is paid in full to me, not having a car note. I know applying for a car loan is a “no” when closing on a home. Will buying a $9,999.99 > vehicle really affect the process? JW thanks

Like no shit I thought I'd see helpful shit..... Like if I made a video on how not to starve and was like " try to aim the food for your mouth " "don't forget to swallow'

I'm in the process of closing and this was good 😅 I won't lol maybe just a good car

Also I do not play the game of wanting a house. I know people with houses living paycheck to paychek only to pay their whole house at the end of their life around 70 vs me or others renting having enough to save travel investing and later on to buy whole a place in another country that has more common sense and choices financially. In the end we are all ending in the same place and no one will care 10 years after that.

Yea cause all that stuff can raise ur credit they want u to have the lowest score possible so they make $

Yass I meet the criteria😅

I love offering buyers seller financing so they never have to put life on hold like this!

So making large deposits is a no go. I would think that would apply to withdrawals unless they are worried about the source, or money laundering.

I think this is to avoid people from hiding gifted money or money from dubious sources.

I unfortunately had to switch careers beginning of year... gonna be real hard to pay when we get one next month so we had to go smaller than hoped for.

Obviously, all common sense.

Switching jobs may be required especially if moving to another State!

Why exactly should you not open a new credit card before closing? Genuinely curious

Well no shit? Lol

I would

I changed jobs. I wish I would have known

Why not add large sum of money?

I changed jobs before close but it was higher pay and I let my lenders know. Im like if I'm getting paid more I have less chance of forclosing so they should be okay😂

But we're buying furniture...6k. now I'm nervous 😂