Wednesday, October 9, 2013

Should buyers stall large purchases until after closing?

Definitely do not make or commit to any large purchases until after closing on a home because prior to closing the lender will pull up credit reports and if the buyer has even applied for a new credit card, this could affect their credit standing and could possibly be turned down for their loan.

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Tuesday, October 1, 2013

What two things should you do before you go to a Mortgage lender?


I recommend you do the following before you visit the mortgage lender.  First, it is tougher to qualify for the best rates if you're carrying a lot of revolving debt, such as credit card balances. Pay those down as much as possible. Second, make sure your credit report is free of blemishes that can damage your chances of borrowing.

 
Call Lisa Baumberger 406-208-5560