STEP 5: Avoid Large Purchases & Additional Loans Don’t make any large purchases or take out any additional loans. This can include everything from buying a new car to financing a fresh mattress. These purchases may seem harmless, but any new loan transaction paid for in installments can impact your credit score , which can impact the interest rate on your home loan or even jeopardize your ability to qualify for the loan.
Purchasing your first home is a once-in-a-lifetime experience - It should be fun!
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