We had something come to our attention recently, and while this is not the scope of a Realtor’s expertise and we shy from this type of advise, we have been told it can’t hurt to reiterate this type of information by passing it on. One of our mortgage lender friends let us know that to protect clients and potential clients from possibly having a deal go bad there is one major piece of advise to adhere to:
PAY ATTENTION TO YOUR “TIPS TO FOLLOW” FROM YOUR LENDER DURING YOUR LOAN PROCESS.
DO NOT DO ANYTHING ON YOUR CREDIT THAT COULD JEOPARDIZE YOUR DEAL GOING THROUGH.
If your debt to income ratio leaves you somewhat strapped especially, this is something to pay strict attention to. Do not make any new purchases on credit during the loan process. You should wait at a minimum until day after closing to make any purchases of that nature.
While we stay away from lending advise, this is an important piece that has been lost sight of somehow recently by some borrowers in the market and we don’t want to see that happen to anybody.
If you ever need any advise on this process before entering into it, we have wonderful lenders we partner with and trust to refer you to. You’ll be in good hands.
The Mulvihill Group
Turning Dreams Into Memories