Fire Your Landlord Podcast

Welcome back to another informative episode of the Fire Your Landlord Podcast with your hosts Jesse Smith and Jerry Lutz. This time, we dive into crucial do's and don'ts while in the process of purchasing your dream home. Jerry offers practical tips to evade common potholes that prospective homeowners often fall into, from applying for new credit to transferring money between bank accounts.

When preparing to become a homeowner, your financial habits take center stage. Jerry emphatically advises against applying for new credit, co-signing for others or damaging your credit score by maxing out your credit cards. He also brings awareness to the pitfalls of transferring large sums between accounts and making significant career changes during the mortgage application process.

Jesse takes over from Jerry to stress the importance of maintaining timely payments, safeguarding your credit scores and limiting new inquiries. Important tips are shared on why changes in employment during the mortgage application process can create unnecessary complications and delays.

To ensure a smooth home purchase journey, Jesse Smith highly recommends keeping your loan officer informed about any vacation plans, as these may impact your financial state and hence the mortgage application. Furthermore, large sums of money need to be deposited in the bank in order to create a clear, traceable path.

Equipped with these tips from Jesse and Jerry, you are better prepared for your home-buying journey. For further consultation or any questions, feel free to reach out to the Fire the Landlord contact number at (513) 655-3473. Jesse Smith and the Fire Your Landlord Podcast are here to make the home-purchasing process easier for you.