#4. Messing with your credit, killing the deal.
You've gone to all the trouble to get a good mortgage quote and get preapproved, you've found the house and had your offer accepted, and you are in escrow. Your mortgage officer and Realtor told you not to spend anything on anything until the deal closes. But you are just so happy and that living room set would be so perfect with the new big screen TV. You've possibly just cancelled the deal on your house. Loan officers have to pull your credit again as part of the final loan letter due right before closing to make sure that your financial situation hasn't changed since the loan received conditional loan approval. Unless you are very low on your debt to income ratio, the loan may be cancelled and it will be too late to get another. DON'T SPEND ANYTHING ON ANYTHING, CREDIT OR CASH that is more than what you were spending the day you got your loan.
GOt that loan approved? Let's look at some homes in Aiea, Diamond Head, Ewa Beach, Haleiwa,Hauula, Hawaii Kai,Honolulu, Kaaawa, Kahuku, Kailua, Kaneohe, Kapolei, Laie, Lanikai, Mililani, Pearl City,Wahiawa, Waialae Iki, Waialua, Waianae, Waikiki, Waimanalo, Waipahu.
Comments(1)