Have you just recently put an offer on a new home?
Are you in the process of shopping around for a lender?
Here are 6 home mortgage tips, Do Not’s, on how to make smart moves as you prepare to buy a home or even when you want to maximize your money during a refinance on the dream home you currently own.
Don’t Make Big Purchases
If you have to get a loan for a large purchase such as a $15,000 auto loan, it could prevent you from qualifying for the mortgage amount or rate you want—don’t do this before you request a mortgage loan.
Lenders do not look favorably upon adding debt upon debt.
Besides that, the more money you are spending on loans, the less you will have to put toward a mortgage.Read the Full Article at TaxAct.com