06/08/2026
Getting ready to buy a home?
One of the best ways to keep your transaction moving smoothly is by staying mindful of your credit throughout the process. 🏡 Your lender will tell you to NOT open any new lines of credit during the time you are shopping for a home an especially once you are pending on the sale of a home that could mess up your debt-to-income ratio...that includes buying furniture or a car on credit.
In fact, a little known piece of information is that they don't want you to open new lines of credit on they day of closing or in the few days after the closing. Reason being: Most lenders are trying to resell your loan, right away, and a hit to your credit can actually cause problems for them in being able to do that.
Even small financial changes during the time you are house-hunting or in the midst of a purchase transaction can create unexpected delays, so knowing the thing To do and Not to do is very important.
If you’re thinking about buying and want trusted guidance from contract to closing, send us a message and let’s chat! We have some incredible lending partners with a whole toolbelt of solutions for you.
