To buy a house is the American Dream. As a real estate broker, so many prospective buyers come to me to find their dream home. First thing I advise them to do is to get pre-qualified. Those that take that advice are one step closer to their goal. They make an offer and, joy of joys, the offer is accepted. They pay for inspections, an appraisal and the day they will be able to move into their new home approaches. The lender makes a final inquiry about their credit and, oh no, they bought a new car, increasing their debt to income ratio and the lender has to give them the bad news: You can no longer qualify for that new house. Everyone is devastated. All of this could have been avoided if they could have waited to buy that new car, new refrigerator, new furniture until after the loan was closed. Next time, they should sit down with their lender and discuss the dos and don’ts of applying for a loan before they make that offer. We’re all in this together, so let’s have a long talk. You’ll be glad you did.