Things NOT to do before buying a home

When trying to obtain a mortgage it is important to not make any drastic financial changes to your monthly expenses. For instance, a bank may be willing to give you a loan based on your current monthly expenses however, a month later you decided to buy a new car and take on a new monthly expense.  This changes your debt to income ratio and when the bank runs the numbers to close the loan the debt to income ratio will be off and your loan will not be approved.  Therefore you lose the loan and won't be able to close on your new home. When buying a house and waiting for the loan to close avoid the following...

1. Moving money
2. Changing job
3. Avoid all big purchases of all kind