Don’t when buying a home! So you are in the process of buying a home. You’re pre-approved. Then you are ready to close on the deal and the bank denies your loan. Why? Many new homeowners get excited while in the process and decide to make big purchases. Before you buy that new car or new furniture, reconsider. If you buy anything during the process of buying the home you can drastically change your debt to income ratio. Today you may have quailified for the home and tomorrow you buy a house full of furniture on credt. By doing this you’ve just changed your purchase power. So, again, wait before going on a buying spree.