CONGRATULATIONS! You just got pre-approved for the home of your dreams! Of course, now you want to go shopping for all new furniture, accessories, and decor, right?
Wrong! Once you have gotten pre-approved, you need to watch your spending EXTRA cautiously. It is very important to monitor your finances during this time, as your lender will be as well. Here are 4 things to stop doing as soon as you become pre-approved:
Changing jobs. In order to look as stable a borrower as possible, it is important to stick with the same employer. In addition, you don’t really want there to be a change in income anytime soon. just stay where you are for now.
Remember, these rules are only for a short season. The goal is to present yourself to the lender as a mature and responsible borrower! Check out www.NorthAtlantaHomeTeam.com for more info on real estate buying and selling!