STAY Qualified for Your Loan
A very important home buying tip to ensure your Colorado home buying process goes smoothly is to STAY qualified for your loan. Your mortgage pre-approval was granted based on your financial situation at the time, including your savings accounts, checking accounts, retirement accounts, debts, and loans. It is essential to avoid making any large purchases, such as a TV, car, or furniture, before your closing date, as the lender will pull your credit report one last time. This could put your chances of being approved for a mortgage in jeopardy, and negatively impact your success with home buying and working with the top Colorado Realtors.
It is vital to maintain financial stability by paying your monthly bills on time, avoiding opening or closing credit cards, and refraining from extravagant vacations. Please consult with your Colorado mortgage lender if you are unsure whether a potential purchase will affect your ability to obtain a mortgage. Remember, it's best to hold off on any significant purchases until after closing day, when you can celebrate in your new home!
Questions about Colorado Real Estate in Longmont or Erie? Reach out to the Appreciate Realty CO agent you are working with directly or Call us at (303)956-4948 or email us at hello@appreciaterealtyco.com