Sedona Home Buying Tip: Keep Debt Down After Approval
Credit run-ups after approval can scuttle your Sedona home loan
When it comes to Sedona home buying, there are a few tips that can help you find better success. One of those is being careful about your credit after your Sedona home loan approval.
A good credit score is important to getting your Sedona home loan approval. That’s no surprise. But many people are surprised to find out that a lender may pull your credit report again, ahead of closing. Inman reports on this practice:
If you run up credit card debt or make a large consumer loan purchase (like a car) after your Sedona home loan approval, the financing could still fall through before closing.
For more on Sedona home buying, contact Claudia Ault.
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