08/14/2026
🎉 Happy National Financial Awareness Day! 🏠💳
Are you planning to buy a home soon? Here is one critical financial mistake you'll want to avoid during the mortgage process: Hold off on major purchases on credit!
Before closing on your dream home, avoid:
🚗 Buying or leasing a new car
🛋️ Financing expensive new furniture sets
📺 Purchasing large electronics or appliances on credit
Why this matters: Taking on new credit or making large purchases changes your debt-to-income (DTI) ratio and lowers your cash reserves. Lenders re-check your credit and bank accounts right before closing. A sudden shift in your financial profile can cause your bank to delay or even cancel your mortgage loan!
Keep your finances steady until you have those keys in hand. 🔑✨
Need advice on home purchasing? Reach out today!