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.
Call Billings Real Estate Professionals for all of your real estate needs
Wednesday, October 9, 2013
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.
Subscribe to:
Posts (Atom)