Buyer's, Listen up!
When you are buying a new home...stay the course.
What I am talking about is don't do anything new.
No new credit cards.
No higher balances.
No major purchases.
No new car.
NO NEW JOB! This may be ok if a large pay increase is part of it, but check with your loan officer first.
Underwriters do not like surprises.
Stay the course...it is only for a short time!
I always advise my buyer to keep in close contact with the lender and ask questions before making any assumptions.
I always advise my buyer to keep in close contact with the lender and ask questions before making any assumptions.
Had a buyer that closed a credit card & lost the house they were under contract on. When your agent advises you to don't do anything with your finances it means just that. Good words of advice William.
Yes, buyers need to “freeze” in place and not do anything out of the ordinary! Lenders will want explanations.
Morning William,
I have a grandson who is going to leave his job immediately after closing on their home around March.
Great advice. Many people have messed buying a home doing some of the above
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