This is cautionary tale for all prospective homebuyers out there. If you are in the market for a home you have likely already spoken with a lender to get pre-qualified (always the first step). During that initial conversation he/she likely lectured you about the importance of not doing anything that might lower your credit score or damage your debt to income ratio.
He/she probably told you not to buy a car, furniture, jewelry, heck buying ANYTHING on credit. Another thing your lender probably told you to … (9 comments)
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