The 7 DON’Ts When Buying a Home by Denise Grove of the Weymouth Group

So you are buying a home? Congratulations! You are a smart buyer. You have taken advantage of the low interest rates and affordable home prices.  You have found the “perfect” home, got the terms you wanted and are under contract.  You have negotiated your repairs. The hard part is over.  WHEW!  Now it’s just a matter of waiting for your loan commitment and you are ready to go to settlement – easy, right?

It will be as long as you follow these “Seven Don’ts of Mortgage Funding”*:

1)      Don’t change your employment status.

2)      Don’t make any major purchases (cars, furniture, home theater, vacations, etc.).

3)      Don’t increase your credit card debt or miss any payments.

4)      Don’t change bank accounts or make undisclosed large deposits.

5)      Don’t apply for a credit card, co-sign a loan or make a credit inquiry.

6)      Don’t spend money you have set aside for closing – NOT ANY, NOT EVER!

7)      Don’t delay in providing all paperwork asked for by the mortgage company.

Follow these 7 Don’ts and you will secure your loan and close on your home!

I remember Sandy, a young first time home buyer.  Two days before settlement she withdrew $5,000 from her workplace retirement account and deposited the funds into her checking account.  Boy, was that ever a RED FLAG to the underwriters!  Her reasoning – “I took out some extra money in case I needed it for closing and moving day!”  No, no, no! We did go to settlement, but we were a day late.

To learn more about the home buying process, sign up for our First Time Home Buyer’s Clinic sponsored by  They are held every third Wednesday of the month.  Join our other first time home buyers who saved money over renting AND obtained closing cost assistance by participating in our program.  It’s easy!


Denise Grove, The Weymouth Group of Keller Williams Select Realtors. You can contact Denise at or call her at 443-250-0672




About Chris & Debbie Weymouth, The Weymouth Group, LLC: Your number one source for Maryland Real Estate Blogs, News, Videos, and more! Chris Weymouth, Your Luxury Home Realtor.

Chris Weymouth, Director, Certified Luxury Home Marketing Specialist, CLHMS and Debbie Luber Weymouth, Manager, have marketed and sold over 4000 homes in Maryland since 1983. Expertly trained and award winning agents, they are leaders for The Weymouth Group at Keller Williams that has been recognized by their peers as one of the best in the business. Chris Weymouth is ranked in the top 1% at Keller Williams Select Realtors, top 1% in Howard County and Maryland among Realtors. Serving Central Maryland and all our friends and family for almost 60 years.  Need a Luxury Home Marketing and Buyer Specialist in Howard County (Ellicott City, Woodstock, Clarksville, Marriottsville, Fulton, Laurel, West Friendship, Glenelg, Columbia, Elkridge, Dayton, Mt. Airy, Woodbine and more), Carroll County (Elkridge & Sykesville), Baltimore County  (Catonsville, Woodstock, Owings Mills, Pikesville and Reisterstown), Anne Arundel County (Pasadena, Severna Park, Hanover, Severn, Glen Burnie, Annapolis and Odenton), Prince Georges County (Bowie & Laurel), Montgomery County (Silver Spring, Olney, Bethesda and Sandy Spring) or Harford County? We Know This Market! Then call Chris at 443-280-1922 or email