Before closing on a home, avoid switching jobs, taking on new debt, or making major financial changes, as lenders will re-verify your employment, credit, and income shortly before closing, and any changes can jeopardize your mortgage approval.
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the WORST thing you can do before buying a home...Hinzugefügt:
What is the worst thing someone can do before buying a home? Get married or switch jobs? Switch jobs.
Switch jobs or go on a $1,000 shopping spree?
Switch jobs.
Switch jobs or have a baby? Switch jobs.
Switch jobs or go on a European vacation that costs $20,000? [music] Sounds fun. As long as the $20,000 isn't coming out of your down payment, >> [music] >> switch jobs.
Switch jobs or buy a brand new car with a loan?
That one's close.
Um they're both pretty [music] bad, but you might have the extra money and the extra debt-to-income ratio, [music] so I would say switch jobs.
Switch jobs or get a Best Buy credit card?
Switch jobs.
Switch jobs or get a divorce?
Divorce could impact your income. And by the way, switching jobs isn't always bad as long as you switch in the same industry and you're still a W-2 employee, but I would say more likely switch jobs.
Switch jobs or your mom gives you $100,000 and it's not documented?
>> [laughter] >> I want your mom. That's not a weird.
Switch jobs.
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