Things to avoid when buying a home

When closing on a home purchase, there are several things to avoid in order to ensure a smooth transaction:

1. Avoid making any major purchases or financial commitments before closing. This can affect your credit score and your ability to qualify for a mortgage.
2.  Avoid changing jobs or quitting your current job before closing. This can also affect your credit score and your ability to qualify for a mortgage.
3.  Avoid making any changes to your bank accounts or moving money around before closing. This can raise red flags with the lender and delay the closing process.
4. Avoid neglecting to review and understand all of the documents you’ll be required to sign at closing, including the mortgage loan documents, the title documents, and the closing disclosure.
5. Avoid assuming that everything is handled by the real estate agent and the lender, it’s important to stay informed and aware of the process, ask questions and be involved in the closing process.
6.  Avoid not having enough cash to close the transaction, it’s important to have enough funds to cover closing costs and any other expenses incurred during the closing process.
7.  Avoid not having Home insurance in place at closing, most lenders require proof of insurance before they will disburse the funds for the mortgage.
   By avoiding these mistakes, you can help ensure a smooth and successful closing on your new home.