disputes: Approved for A Home Loan? What Not To Do With Your Credit
- 07/12/11 02:46 PM
You have been pre-qualified for a home loan and just signed the Purchase Agreement. The Seller has accepted your offer and we are off to the races with our 30 day escrow. Did your loan officer tell you there were a few do and don'ts for your credit during this critical period? I sure hope they did. Now in Arizona, and perhaps other states as well, we have to do a soft pull on your credit prior to funding your loan. Gone are the days when you bought appliances and furniture before closing!!! That additional debt would have to be considered and your loan … (3 comments)
You have been pre-qualified for a home loan and just signed the Purchase Agreement. The Seller has accepted your offer and we are off to the races with our 30 day escrow. Did your loan officer tell you there were a few do and don'ts for your credit during this critical period? I sure hope they did. Now in Arizona, and perhaps other states as well, we have to do a soft pull on your credit prior to funding your loan. Gone are the days when you bought appliances and furniture before closing!!! That additional debt would have to be considered and your loan … (3 comments)
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