Colorado Springs Vintage Homes Blog

Financial Do’s and Don’ts

 Credit Do’s and Don’ts

You have finally decided to buy a Home in Colorado Springs.  You have a lender and are now pre-approved.

Below you will find a reminders of DO’s and DON”Ts to do before you buy your Colorado Springs dream house.

For a free Buyers Guide, Email Kathy Torline at KTorline@msn.com

Related Articles:

• Pre-Qualification or Pre-Approval, which do you need to buy a home?
• Credit score explanation
• 26 criteria used to determine interest rates

DO’s

• DO continue making your mortgage or rent payments
• DO stay current on all your existing credit card accounts
• DO keep working at your current employer
• DO continue living at your current residence
• DO continue to use your credit as normal

 DON’Ts 

• DON’T make a major purchase (car, boat, fur, jewelry, etc.)
• DON’T apply for a new credit card
• DON’T transfer any balances from one credit card account to another
• DON’T pay charges offs without discussing it with your lender
• DON’T pay off collections without discussing it with your lender
• DON’T buy any furniture on credit
• DON’T close any credit card accounts
• DON’T change bank accounts
• DON’T max out or over charge on your credit card accounts
• DON’T consolidate all your debit into 1 or 2 credit cards
• DON’T take out a new loan
• DON’T finance an elective medical procedure
• DON’T pay off any loans or credit cards without discussing it with your lender

Tags: Colorado Springs Financial tips, credit cards, home financing, Mortgage and Finance, revolving credit

This entry was posted on Thursday, April 15th, 2010 at 9:30 am and is filed under For Buyers, Mortgage and Finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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