8 tips for buyers



Don't apply for credit cardDon’t Apply for a New Credit Card.

Remember that when you apply for a new credit card, another credit check will reflect in your credit history and may bring your credit score down.


Don’t Buy a New CarDon’t Buy a New Car.

If you would like a new car instead of the dream home, than go ahead and pick one up. Otherwise, you lower your changes of getting pre-approved for the house.


Don’t Furnish the HomeDon’t Make Large Purchases Before You Own Your Home.

We all know the you already have picked that new sofa set and entertainment center and the large TV. Avoid buying them until after you close the escrow.


Avoid Changing JobsAvoid Changing Jobs.

Although job changes can provide better pay of chance for advancement, it could delay your quest for home ownership.


Don’t Close Any CreditDon’t Close Any Credit Accounts.

It make sense to clean up your finances by canceling unused credit cards and transferring balances to other cards to get a lower interest rate when you’re offered them. Don’t do it. This can be a bad move for your credit score.


Don’t Get Behind on PaymentsDon’t Get Behind on Payments.

Make sure you stay on top of your credit card and rent payments.


Don’t Spend Your SavingsDon’t Spend Your Savings.

You’re going to need cash for down payment and if you end up paying closing costs.


Don’t Move MoneyDon’t Move Money Without a Paper Trail.

Your lender is going to need more documentation for all your transactions to make sure you really have enough money.



For the extended explanation and financial advice,  please call Vicktor Etchart at:  559-681-8976