The old expression “don’t count your chickens before they hatch” is a beautiful analogy to what not to do before closing on a house. Many people feel like a weight has been lifted off their backs when they learn they are qualified to buy a home. However, there is a difference between qualifying and actually closing on a home loan.

To sum it up in one expression, once you get qualified to buy a home, you should do nothing to change your existing financial situation. Do not take on new debt, do not pay off debt, do not do anything that would appear as a major change to your financial plans. Wait until you sign all the papers and close on the loan.

Following this simple advice will help the loan approval process and save you some unnecessary heartache.

Learn the top things home buyers should not do before closing!