Your home buyers have gotten approved for a mortgage and now they’re just waiting to make it to the closing table. Make sure they don’t throw their loan approval into jeopardy by making one of these common mistakes:
- Making a big purchase: Tell your buyers to avoid making major purchases, like buying a new car or furniture, until after they close on the home. Big purchases could change the buyer’s debt-to-income ratio that the lender used to approve the buyer’s home loan and could throw the approval into jeopardy.
- Opening new credit: Inform your buyers that now isn’t the time to open up any new credit cards.
- Missing any payments: Home buyers need to be extra vigilant about paying all their bills on time, even if they’re disputing one.
- Cashing out: Avoid any transfers of large sums of money between your bank accounts or making any undocumented deposits — both of which could send up “red flags” to your buyer's lender.
Source: “How to Keep Your Mortgage Approval Approved,” Realty Times (Jan. 14, 2013)
arizona homes sale, arizona house, arizona real estate, az houses, az real, az real estate, business, chief economist, economy, for sale by owner, FSBO, gilbert arizona, gilbert az, gilbert real estate, home for sale in arizona, homes for sale in san tan valley az, homes for sale in san tan valley az san tan valley arizona arizona homes sale home for sale in arizona real estate az real estate arizona arizona real estate san tan san tan heights homes in az for sa, homes for sale valley, homes in az for sale,houses for sale, houses in Arizona for sale, how to sell my home, johnson ranch, queen creek, queen creek arizona, queen creek az, real estate arizona, real estate az, real-estate, san tan, san tan heights, san tan valley arizona, san tan valley real estate, Selling my home, short selling my home, valley homes sale, where is san tan valley az
No comments:
Post a Comment