The Don'ts of Credit

The loan process can be agonizing. It seems like you are always asked a million questions and have to file so much paperwork. Unfortunately, I can't change that for you, but what I can do is help you avoid a damaging situation with your credit.

If you are in the closing period of your home but have not officially closed, DO NOT open new credit. The new rules of our industry require us to do a soft pull of your credit. That means we will need to check to see if you have acquired any new debt prior to closing. If you do, it could ultimately make you ineligible for the loan.

So please do not lease a new car, buy furniture on credit, etc. Wait until after your home has officially closed.

If you have any questions, please give me a call. Even if I'm not your official lender, call me with any questions you may have.