In escrow now to buy a home? Don’t lose your loan

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I have been hearing a lot of mortgage brokers talking about lenders pulling the buyer’s credit report multiple times throughout the escrow time period.

Follow these tips so you do not run into unexpected issues with your loan –

1)      Do not change your job. This can stop the loan process.

2)      Do not put any large purchases on your credit card before closing (i.e. furniture).  This can change your debt ratio.

3)      Do not apply for more credit (where a business will pull your credit report).  This can lower your credit score so you are no longer qualify for the loan offered.

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