6020 Creedmoor Road, Raleigh, NC 27612 ~ Cell: (919) 280-2726 ~ Erin@HomesInRaleigh.org

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3 Most Common Raleigh Home Buying Mistakes
# 2 Mistake

Changing Something about Your Finances Before Closing

Not all home sales make it to the closing table. There are some mistakes that can completely derail buying a Raleigh home.

It is so easy to get excited about your new Raleigh home! You want to get new furniture or new play equipment for the kids or a thousand other things. It is so easy finance it. Please Don't!!

When you qualified for you Raleigh home loan it was without any additional payments or revolving debt. But, the loan company will always check your financial picture again right before closing. If you have changed anything or added any additional debt you may no longer qualify for a loan and you cannot buy the house.

It is such an easy mistake to make. Be very careful that you do not buy anything on credit and/or with a credit card once you have completed a loan application. Do NOT buy:

• Automobiles
• Washers, dryers, refrigerators
• Lawn mowers or garden equipment
• Expensive electronics or computers
• Furniture
• Boats
• Art work
• Swing sets

If you do, an underwriter could deny your loan - just like that. You could forfeit your earnest money deposit in addition to losing the home.

Keeping your finances and credit charges the same as when you applied for your loan until after closing will ensure you avoid the #2 Mistake in the home buying process.

Other things to consider when buying a Raleigh home are 7 Things Raleigh Home Buyers Should Know, Learning About Your New Raleigh Neighborhood and Tips on Negotiating With a Raleigh Seller.

If you have questions about buying a home in Raleigh or any Raleigh Homes
Email Us or Call Us Today at 919-280-2726

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