Many first-time home buyers are surprised to discover just how many ways you can mess up a home purchase. There are several things to avoid before you close the transaction. If you working with experienced mortgage broker or real estate agent, more than likely a few of these things have already been mentioned to you.

Making mistakes is easy when you have never bought a home before. Avoid these home buying mistakes to keep the stress out of your life!

The first and most important is - Don’t miss loan payments

You must keep your payments current on all your loan accounts, including credit cards and car loans. The lender will look at your credit again before finalizing your mortgage, and if you have missed any payments, the credit scores may get lower. Lenders have the power to revoke a loan just before the closing.

Second - Avoid changing jobs

Changing jobs is not something you should do in the middle of purchasing a home! One of the things lenders look closely at is your employment history. They want to be sure that you are financially stable and capable of making your loan payments. The word stability is something lenders love.

Third - Don’t change a bank

Just like the job and the finances, your banking history and status is part of the equation that leads to you getting pre-approved. Change your bank, and you may not get final approval.

Fourth - Avoid buying a car

Buying a car while purchasing a home is a common mistake. Doing so is also at the top of the list of what you shouldn’t do before buying a home.Unfortunately, purchasing a car can change you expenses ratio and credit scores. Your loan pre-approval was based on the state of your credit and your debt load at the time of pre-approval before you bought a car. Adding the debt for the car may make you unable to get the loan for your home.

Fifth - Don’t buy furniture or household goods on credit

Another mistake many home buyers make is using credit to start preparing for their new living arrangements. You may want to start buying furniture and appliances before closing on your which will change the state of your credit and may throw up a red flag for the lender that leads to the loss of your loan approval.

Sixth - Avoid making large deposits into your bank account or making cash deposits

Money that appears suddenly in your bank account makes lenders suspicious. Lenders refer to the two month period as “seasoning,” and consider it a demonstration of stability and your ability to cover the loan payments. If you make a significant deposit or start doing unusual or unexpected things with your finances before the home purchase, the lender may might back out the loan.

Seventh - Don’t let anyone make inquiries into your credit

Any time you apply for a credit card, a loan or even try to sign up for a new service, like a cell phone service, the company you are working with will check your credit. They do this to determine if you are a safe risk, much as the mortgage lender does.

Eight - Avoid being a co-signer for anyone

When you co-sign a loan, you are obligating yourself financially. No matter how badly you may want to help out a friend or family member, try to postpone co-signing until you have the money for your home purchase.