Why is the Realtor at the bottom shaking his head?
BECAUSE THE CLIENT'S DEAL JUST DIED!
For all other Real Estate novices out there I know what you're asking, "How does buying a car after you have been pre-approved for your loan kill the deal?" Because it changes your debt to income ratio AND your credit score, which are the key factors in keeping your mortgage loan. Believe it or not, you have to wait three business days after closing on the property before you should make any credit purchases. Any drop in your credit score (even by 2 -3 points) could cost you the loan.
I hope you all learned something from todays post (and Realtors, I hope you got a nice laugh from the photo!), and remember, you can always email Home Shoppe Consulting with any questions or concerns about buying and selling your home. Take care and Happy St. Patricks Day Everyone!
~ Always ~
Stephanie :) (@TheNoviceHSC)
I hope you all learned something from todays post (and Realtors, I hope you got a nice laugh from the photo!), and remember, you can always email Home Shoppe Consulting with any questions or concerns about buying and selling your home. Take care and Happy St. Patricks Day Everyone!
~ Always ~
Stephanie :) (@TheNoviceHSC)