8 Rules that must NOT be ignored when buying a home

Once a buyer is pre-approved, there are still some things that can make a transaction go wrong.   Here are 8 rules that must not be ignored:

1) Don’t buy a new car or trade-up to a bigger lease

2) Don’t quit your job to change industries or start a new company

3) Don’t switch from a salaried job to a heavily-commissioned job, or to a job that pays you via a 1099, instead of a W-2

4) Don’t transfer large sums of money between bank accounts

5) Don’t forget to pay your bills — even the ones in dispute

6) Don’t open new credit cards — even if you’re getting 20% off

7) Don’t accept a cash gift without filing the proper “gift” paperwork

8) Don’t make random, undocumented deposits into your bank account