What NOT to Do When Applying for a Loan

Tips for Buyers
Written By Kristin Koonce, REALTOR®
What NOT to do When Applying for a Loan

When it comes to the home buying process, the first thing you’ll hear realtors ask (if they’re doing their job correctly) is whether or not you’ve been pre-qualified. Although there are folks who buy homes with cash, the majority of buyers will be taking out a mortgage loan on their home. We’re not doing this to be mean. Getting pre-qualified is just the first step in the home buying process! Buyers need to know how much house they can afford, and I will not show anyone a house until I receive a pre-qualification letter from their lender or bank. This is for everyone’s best interest!

That being said, there are a few things you should know about the pre-qualification process. I wanted to share those with you!

Here are 10 things you absolutely do NOT need to do whenever you begin applying for a loan:

  1. change jobs

  2. become self-employed

  3. quit your job

  4. buy a car, truck, or van

  5. use credit cards excessively or let your accounts fall behind

  6. spend money you have set aside for closing

  7. omit debts or liabilities from your loan application

  8. make large deposits without checking with your loan officer

  9. originate any inquiries into your credit

  10. change bank accounts

  11. co-sign a loan for anyone

  12. buy furniture or any other large purchase with cash or credit

Here’s the thing…

Part of my job as a real estate agent is to get you connected with a lender! I’ve got guys and gals I work with on a regular basis that I trust to serve my clients the way I want them to be served. So, if you’re thinking about beginning the home buying process, feel free to reach out to me and I’ll make sure you’re taken care of.

I want to begin the home buying process!

Kristin Koonce Burroughs, REALTOR®
(903)241-2608
kristinkoonce@gmail.com
BOLD Real Estate Group

Kristin Koonce, REALTOR®

Let’s make your listing FAMOUS!

My name is Kristin Koonce, and I’m a one-of-a-kind East Texas listing agent with BOLD Real Estate Group, proudly serving Longview, White Oak, Hallsville, Tyler, and surrounding East Texas communities. I specialize in helping homeowners and land owners see the value and potential in what they already own—and using creativity, strategy, and heart to bring that vision to life.

I’m not your average real estate agent. I stepped into this business boldly because I believe real estate should be done differently—with integrity, intention, and a genuine love for people. I focus on building long-term relationships, staying connected long after the sale, and empowering my clients to make smart, confident financial decisions about their homes and land across East Texas.

My business is built on one simple philosophy—love people well. Every client matters. Every story matters. When you work with me, you’ll never feel like just another transaction. I treat each client as if they were my only one—because trust is earned, and results should follow. My goal is for clients to walk away saying:

“Working with Kristin is better than trying to do this alone.”

I’m known for being creative, proactive, strategic, and detail-oriented. I think ahead, solve problems quickly, communicate clearly, and handle the behind-the-scenes work others avoid. I operate with kindness, professionalism, punctuality, and grace, collaborating seamlessly with agents, lenders, inspectors, appraisers, and title companies to ensure smooth transactions.

If you’re looking for a trusted listing agent in White Oak, Longview, Hallsville, or anywhere in East Texas, I’m here to help. I’m an active member of the Longview MLS, Tyler MLS, and MetroTex, and I specialize in selling residential land, acreage, inherited properties, fixer-uppers, and family homes.

Whether your property is full of memories, potential, or possibilities—I can help you sell it with confidence and care.

I don’t just list properties…I SELL THEM! #getlistinwithkristin

https://www.kristinkoonce.com
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