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Homebuying Do’s and Don’ts

November 4, 2015

In the lending process, there are many financial decisions that borrowers need to make. Does the home need new appliances? Do we have furniture? Do I need a new truck to help me move? While the answers are varied, the choice to act on them should be the same; Do not make ANY large purchases in the midst of a Real Estate transaction. Changes to your credit scores or debt to income ratios can jeopardize your ability to purchase the home at all. And a new washer and dryer won’t work very well if you are living in the new truck!

Here is a link to a great article by trusted Mortgage Professional, Ted Rood. Lighthearted, but entirely to the point.
Special TRID edition of Borrower Do’s and Don’ts

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