As you tour homes, do you stop in the backyard and visualize your friends and family fighting over the first burgers off the grill while the dogs play in the yard? If outdoor entertaining is a
5 Closing Mistakes To Avoid
1. Don't mess with your income-to-debt ratio
The ratio of your monthly income to your monthly debts is one of the main factors the lender considered when qualifying you. And your lender will probably run your financials two or three more times before closing. While it's tempting, don't take out a big loan for the new deck you want to install when you move into your new place. Don't sign the lease on the new Audi that will look perfect in your new driveway. The bank looks at lease payments like any other debt payment.
2. Don't disappear
Be sure to keep in touch with your lender and be readily available to immediately address any last-minute concerns.
3. Don't change jobs
Lenders love stability. Switching jobs right before closing can make them anxious, and you want to give them every reason to feel confident. Most lenders prefer to have a two-year job history in hand, so making a big career move could slow things down, or squash the deal entirely.
4. Don't open new credit cards
Yes, you'll be buying furniture to fill those lovely rooms. Yes, you might need a new fridge. And yes, new dishes to match the new kitchen would be splendid. But resist the lure of opening new credit cards until after closing. Doing so can affect your credit score. For now, just open catalogs.
5. Don't be late
Even though you may have been riding the real estate roller coaster and life's been chaotic, be sure to stay current with all bill payments. Late payments, too, can affect that all-important credit score.
Wondering what else is involved in the final stretches of a home purchase? Your agent will be happy to answer any of your questions.
Certified Military Residential Specialist
The RE/MAX Collection
Above & Beyond Real Estate Group
CA BRE# 01807369
2766 Gateway Road, Carlsbad, CA 92009
getmobile.remax.com/bpalizban- Home Searching App
"Each Office Independently Owned and Operated"
Bruce is a business professional with a strong work ethic with an extensive background in customer service as he spent years of his youth managing a well known established family business, Rocco’s P....
Latest Blog Posts
Father's Day is this Sunday, June 18. This year, get your dad something he'll really appreciate — help tackling his home improvement to-do list. Here are a few suggestions:1. Instead of a fancy