Ask Your Loan Officer These Questions When Buying A Home
Are you a first time home buyer? If so, you may be interested in asking your loan officer some of the home buyer questions found below. Even if you are not a first time home buyer to consider the following home buying questions found below. No matter whether you are buying your first home or you are a repeat buyer – if you have questions make sure you ask them. Waiting until after you have closed on your home to ask your questions is a big mistake and could cost you a lot of money and grief. If you wait to ask your questions, you could stand to lose money, time, your credit, and the home of your dreams.
Buying Your First Home? Top Home Buyer Questions To Consider
- Do you need to know about some of my bills that are not on my credit report?
- Does it make a difference if I apply for credit cards or other credit accounts even if I don’t take the credit card?
- Does it make a difference if I buy a new refridgerator with my credit cards or money from my bank account before I get my mortgage?
- Will it make a difference if I transfer money between my different bank accounts before I buy my house?
- I just financed a car loan for my kid who still lives at home. Is that a problem when getting a mortgage?
- In being self-employed how long do you have to wait in order to apply for a mortgage?
- How many times can I have my credit pulled before my scores lower?
- I recently financed a car but I do not think it is on my credit report will that impact my mortgage qualification?
- Now that I am approved, does it matter if if I didn’t make my last credit card payment?
- Does the lender look at your credit history after you have been approved?
The reason for the previous questions is to get you consider your finances and credit before you do something that could hurt your chances of qualifying a mortgage if you are in the middle of buying a home. It is likely that if you ask your mortgage broker about any of these questions or if you are considering doing any of these things above – your mortgage company will say that you should refrain until you go to your mortgage settlement. If you have not figured it out by now, even after you get your loan approval you should be cognizant about your finances and credit until you got to settlement and get your keys.
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