January 2017

27 Jan 2017

#FBF Before closing, don’t do these 5 things

You’re approved! The contract is signed on the house, the closing date is set and you are ready to go! But hold on. Don’t go buying new appliances for the new house or a new car for the new commute just yet! Why? Because your credit is monitored right up to the day you sign the contract. Lenders will question any big transaction or change in financial status until you have the keys in hand. So be aware that not only is a credit check run when you apply for a mortgage, but another is run just before you close. So avoid these 5 things before closing on your home—or risk losing it before it’s even yours! Don't change your job status. Banks...
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