in the market for a mortgage watch your debt after contract: In the Market for a Mortgage? Watch your Debt AFTER Contract!
- 05/20/10 12:39 AM
Interesting update from our friends at Champion Title this week. In an editorial by Kenneth R. Harney of the Washington Post: If you're thinking about applying for a home mortgage, here's somewhat important news: Beginning June 1, your lender is likely to order a second full credit screening immediately before closing. The last-minute credit report will be designed to find out whether you have obtained - or even shopped for - new debt between the date of your loan application and the closing. If you've made applications for credit of any type - for furnishings and appliance for the new house, (1 comments)