So you are thinking about buying a house… That’s exciting! You are probably spending tons of time looking a houses online and google-mapping your commute. But let’s talk about the top 3 things you shouldn’t be doing.

1. Don’t apply for a new credit card or start buying furniture and tools on credit! Applying for new credit can make you look more risky to lenders. Purchasing furniture on credit will increase your debt-to-income ratio. This ratio is crucial to your ability to get a mortgage. This applies to all big purchases. In the same vein, don’t buy or lease a new car at the same time as looking to buy a house.

2. Don’t change your job! You don’t want to quit your job or become self-employed. If you are considering changing your job, be sure to talk to your lender first to see how this will impact your ability to get a mortgage.

3. Don’t co-sign on a loan for someone. A lot of people don’t realize that co-signing on someone else’s loan will increase your debt-to-income ratio. Even if that person is making the payments, it can affect your ability to get a loan.

If you are starting to think about buying a new house, don’t do these 3 things. In my next blog post, I will tell you about 3 things you should be doing!

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