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Credit Tip Series - Tip Number 7

By
Mortgage and Lending with First Heritage Mortgage NMLS #: 938761

Credit tip number 7 is that you cannot close on a mortgage loan with an active credit dispute. Wrap up these issues before you apply for a mortgage and do not open new disputes with the credit bureaus before you close on your new home. 

 

Click the links to see more credit tips!

Tip # 6

Tip # 5

Tip # 4

Tip # 3

Tip # 2

Tip # 1

 

John Meussner
Mortgages in AZ, CA, CO, DE, FL, GA, IN, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI - Fair Oaks, CA
#MortgageMadeEasy Fair Oaks, CA 484-680-4852

Great tip, Whitney.  Another reason it's so important to work with a reputable credit repair company.  I've had people say "my credit is fixed!" and then I get a report full of active disputes.  Good job educating people here.

Aug 26, 2014 01:13 AM
Debbie Malone
Londeree's Real Estate & Property Management - Lynchburg, VA
From Lynchburg To The Lake (434) 546-0369

Hi Whitney, So many people are not watching their credit closely enough and it's another reason that buyers don't get into my car without a pre-qual from a local lender. Great tip!

Aug 26, 2014 03:20 AM
Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

Whitney, Great advice as a dispute will stop the lender cold and no closing for sure. Wait till after you close to dispute something. 

Aug 26, 2014 04:08 AM
Suzanne McLaughlin
Sabinske & Associates, Inc. (Albertville, St. Michael) - Saint Michael, MN
Sabinske & Associates, Realtor

Now, this is great advice.  You always have such good information for buyers, Whitney.  Keep writing, we love it!

Aug 26, 2014 04:14 AM
Whitney Watson
First Heritage Mortgage - Henrico, VA

John-That happens all too often! Thank you for your comment.

Debbie-That's a great first step! 

Bob-Exactly and what a mess that ends up being! Thanks for stopping by, Bob.

Suzanne-Thanks for your encouragement! I have a few more tips on the way before I begin another series :)

Aug 26, 2014 06:34 AM
Roy Kelley
Retired - Gaithersburg, MD

This is very good information for prospective mortgage borrowers.

Thanks for this series.

Aug 27, 2014 03:35 AM
Whitney Watson
First Heritage Mortgage - Henrico, VA

Roy-Thanks for stopping by!

Aug 27, 2014 03:42 AM