Top 7 Tips for Keeping Your Loan Until Closing

Many factors can affect your financing during the home buying process. From the time you apply for a mortgage until the time of closing, you should not make any drastic changes to your financial status. So, be sure to follow these 7 tips in order to keep your financing intact for your closing.

1. Don’t co-sign a loan for someone else.
   
   
2. Do not become self-employed, change jobs, or quit your job.
   
   
3. Set aside your money for closing costs, and don’t touch it until closing!
   
   
4. Be sure to make your credit card payments on time, and don’t use your cards excessively.
   
   
5. I know it is tempting to buy furniture for your new house, but just wait until after the closing!
   
   
6. Do not buy a new car (as one home loan officer joked, “You may be living in it!”).
   
   
7. When you fill out your loan application, be sure to include all debts and liabilities – it’s better to know about these sooner than later.

Lee Keadle is a full-time real estate agent in Charleston, SC. He works with a team of three agents to give buyers and sellers the best services possible. You can search for homes and vacant land on our website at http://www.SearchForCharlestonRealEstate.com