William's Blog...with a smile!

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Stay the course...

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!

 

Comment balloon 6 commentsWilliam Feela • January 06 2019 10:43PM

Comments

I always advise my buyer to keep in close contact with the lender and ask questions before making any assumptions.

Posted by Maria Sapio, Real Estate Agent- Carlisle, PA. Mariasapio.com (Keller Williams of Central PA) 6 months ago

I always advise my buyer to keep in close contact with the lender and ask questions before making any assumptions.

Posted by Maria Sapio, Real Estate Agent- Carlisle, PA. Mariasapio.com (Keller Williams of Central PA) 6 months ago

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.

Posted by Debe Maxwell, CRS, Charlotte Homes for Sale - Charlotte Neighborhoods (www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310) 6 months ago

Yes, buyers need to “freeze” in place and not do anything out of the ordinary!  Lenders will want explanations.

Posted by Francine Viola, REALTOR®, In Tune with your Real Estate Needs (Coldwell Banker Evergreen Olympic Realty, Olympia WA) 6 months ago

Morning William,

I have a grandson who is going to leave his job immediately after closing on their home around March.  

Posted by James Dray, Exceptional Agents, Outstanding Results (Fathom Realty) 6 months ago

Great advice.  Many people have messed buying a home doing some of the above

Posted by Vern Eaton, Realtor 651-674-7449 6 months ago

Participate