Here's a guest blog entry By Michelle Hille @

Buying a home is a huge process that could take a lot of time. Just building up to the point that you believe that you are ready for a house is a big step in life. Obviously there are plenty of things that you must do before you can buy a home, but first we need to explain the don’ts of home buying.

  • Don’t hold information from your advisor whether meeting with your real estate lawyer or your agent. They are there to help you and the more complete the information you give them, the better they can do their job.
  • Don’t change your financial situation. That means when you are in the process of applying for a mortgage do not make any major purchases on credit like a new car! Even new appliances like a refrigerator, washing machine, or computer can trigger more scrutiny by the bank.
  • Don’t change careers right before you buy a home. The bank wants to see that you have a stable income by looking at statements for the past two years. The only people who would be able to get away with changing careers are people who are moving to a higher paying position in the same field with a very stable income that is not dependent on bonuses and commission. The mortgage underwriter could very easily deny your loan if they believe your income is not stable enough.
  • Don’t get emotional and buy the wrong house. This is the worst thing that could happen to you. Be very logical about your needs and wants in your home and don’t buy a home off a purely emotional reason.

These are a few things that you need to make sure you don’t do when it’s your time to buy a home. But all these DON'Ts are fairly simple to follow and by following these guidelines you are sure to have an easier time of buying and enjoying your new home.