Thursday, August 12, 2010

Changes to Mortgage Underwriting Could Affect Your Closing

Just prior to closing, lenders are now required to re-pull your credit report, re-verify employment, etc.
What does this mean to you as a buyer?
1. Be honest with your lender at time of loan application
2. Notify your lender if anything changes from application to closing
3. Be cautious about applying for new credit, changing jobs or charging to your credit cards during the loan process.