Are you a first time homebuyer?

If you’re a first time homebuyer, don’t spend your tax credit before closing! Any activity in your bank account or on you credit report could jeopardize your loan going through. In other words, wait until after closing to make any large purchases (ex: new furniture). For more details on how activity in your bank account could affect your loan- Read the article below from the Wall Street Journal.

http://blogs.wsj.com/developments/2009/09/18/want-the-home-buyer-tax-credit-dont-shop-for-furniture/