The Do's and Don'ts of Buying a New Home
Ready to begin house hunting? New American Funding explains the ‘Do's and Don’ts' you should know before you buy. It can help you avoid common mistakes and help you get on the right track to homeownership. Check it out before you make your first step!
Video transcript
Let's look at some of the Dos and Don'ts when buying your first home. There are a few things you should keep in mind.
- Don't change your career or job.
- Don't make any large deposits into your bank account.
- Don't apply for new credit. And, don't make large purchases with your existing credit cards.
- Don't worry, you got this! Here's what you should keep on doing.
- Do create a file and keep copies of all of your important documents.
- Do wait to make major purchases like a car, boat, or appliances.
- Do have gift money ready if it's part of your down payment.
- Do look for homeowner's insurance. And, make sure you get preapproved.
So, are you ready to begin house hunting? Follow those simple dos and don'ts and you will be on the right track. Let's get started, contact New American Funding today.
