What Never to Do Before Buying a Home

The Smart Buyer Series

Secrets Nobody Tells You About Buying in Florida

Buying a home is exciting—but it’s also a time when small choices can have a big impact. Some everyday decisions that feel harmless can actually derail your mortgage approval or cost you thousands.

Here’s what smart buyers never do when preparing to purchase a home

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1. Don’t Change Jobs Mid-Process

Lenders want stability. A sudden job change, even if it seems like a step up, can look risky on paper. Save career moves or entrepreneurial ventures for after you close.

2. Don’t Pay Off Debt Without Asking First

It sounds responsible, but sometimes paying off debt can lower your reserves or shift your credit profile in a way that hurts more than it helps. Always check with your lender before making big payoffs.

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3. Don’t Make Big Purchases

Furniture, appliances, or a new car can wait. Large purchases raise your debt-to-income ratio and trigger credit inquiries, both of which can interfere with your loan approval.

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4. Don’t Miss Payments

On-time payments are always important, but in the months before buying, they’re critical. Even a small late payment can raise your interest rate—or worse, jeopardize your loan.

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5. Don’t Accept Unexplained Large Deposits

Lenders want to see your funds have been in place (or “seasoned”) for at least two months. Sudden deposits can raise red flags. If you’re getting gift money for a down payment, talk to your lender about the proper way to document it.

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6. Don’t Co-Sign Loans

Even if you’re not making the payments, co-signing increases your debt burden in the eyes of a lender. One missed payment by the other party can throw your home purchase off track.

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7. Don’t Reshuffle Assets

Stick with stability until after you close. Big stock moves or shifting money around can reduce the liquidity lenders want to see. Keep things steady until the keys are in your hand.

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RELOCATION TIP

If you’re moving from out of state, remember that lenders may verify not only your finances but also your employment and local banking. Avoid moving money between banks or changing your primary accounts until after you close—it can create extra hurdles.

The Bottom Line….

When you’re preparing to buy, think “steady and simple.” Hold off on big changes until after closing day. A little patience now can save you stress, delays, and higher costs later.

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📩 Have questions or want help choosing the right lender to buy your Florida home? Email me anytime —I’m here to help.
→ april@planmyfloridamove.com

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