4 Things NOT to do When Purchasing a Home

by Brandy Nichols

4 Things NOT to do When Purchasing a Home

If you are thinking about buying a home, the decisions you make during the process matter more than most people realize. I work with buyers every day, and one of the biggest challenges is helping them avoid the small financial moves that can stop a loan from being approved. These four mistakes are extremely common, but they are also completely avoidable with the right guidance.

Before we get started, here is an important note for you.

I am not a lender. I am a licensed real estate agent who helps guide you through the home buying process. Everything below is based on my experience working alongside lenders and helping clients navigate financing. For advice specific to your financial situation, you should always consult a qualified mortgage professional.

Let’s break down the four things you should never do while you are in the middle of purchasing a home.

1. Do not move money around.

Lenders need a clear picture of your financial history. When money is transferred between accounts or when large deposits show up without documentation, your loan file becomes more complicated. Every deposit must be sourced and explained. If something looks unclear or inconsistent, your approval may be delayed while the lender investigates it.

Keeping your money in place makes the entire process easier and faster. Avoid unnecessary transfers and wait until after closing before reorganizing your accounts.

2. Do not change jobs

A new job can be exciting, but during a home purchase it can create extra hurdles. A job change often requires new employment verification, additional paperwork, and in some cases a full re-approval of your loan. Even if your income increases, your lender may still need time to verify stability.

If you are considering a job change, always talk to a lender first. Staying in your current position until after closing is usually the safest option.

3. Do not make large purchases

This is one of the biggest pitfalls for buyers. New furniture, appliances, a car, or anything financed can change your debt to income ratio. Even if a store advertises zero percent interest, the balance still counts as debt.

Your lender will pull your credit again before closing. Any new debt can affect your approval or your interest rate. Hold off on all big purchases until everything is finalized.

4. Do not pay off or close large accounts

Many buyers assume that paying off debt or closing unused credit cards will improve their approval odds. It can actually have the opposite effect. Paying off accounts can change your credit utilization and closing accounts lowers the average age of your credit. Both can cause your credit score to drop unexpectedly.

Before you make any changes to your credit profile, speak with a mortgage professional who understands how these moves impact mortgage underwriting.

Talk to your lender before you make any financial changes

Even small adjustments to your finances can cause delays or complications. If you are unsure whether something is safe, ask a lender first. A simple conversation can protect your approval and save the deal.

Ready to buy a home? I can connect you with trusted lenders who put your needs first

Every buyer is unique. Your goals, your budget, and your financial situation deserve a lender who is the right match for you. If you need recommendations for mortgage professionals who communicate clearly, respond quickly, and truly care about helping you succeed, reach out to me.

I would be happy to connect you with the lenders I trust for my own clients. Let’s make sure you start your home buying journey with the right team behind you.

Final Thought from Brandy Nichols Realty

Buying a home is one of the biggest steps you will ever take, and you deserve a team that protects your best interest from start to finish. At Brandy Nichols Realty, my goal is to make sure you have the clarity, confidence, and support you need to move forward without stress. The right guidance makes all the difference, and you never have to navigate this process alone. When you are ready to take the next step, I am here to help connect you with trusted lenders and provide the personalized real estate experience you deserve.