As you approach your closing date, it is important to protect your credit, even if you’ve already been pre-approved.  With that in mind, here are a few tips to make sure your closing goes as smoothly as possible. 
 
Keep your spending to a minimum and do not make any major purchases before closing — that includes buying furniture, any vehicles, a boat, or any excessive charges on your credit card. There will be plenty of time to dress the house once you own the home.
 
Keep your bank accounts stable. Do not change banks, or spend any of the money you have set aside for closing, or make any large deposits to your accounts without checking with your loan officer first.  Stability is the most important aspect of your credit. 
 
Just like your credit, it is IMPERATIVE you keep your employment situation stable — do not change jobs, quit your job, or decide to become self-employed. Any changes to your income will jeopardize any opportunity for you to qualify for a home loan. 
 
Whether you are buying a home or not, do not cosign a loan for anyone. It will open an inquiry into your credit and add to your debt. This will raise a red flag to all creditors, could raise your mortgage rate, and cost you thousands of dollars over the life of the loan. 
 
Before you do anything money-wise or not so wise, ASK if you have any questions! 
 
When you are getting ready to get ready to buy or sell do not hesitate to call.  Being pro-active is a good thing! Get ready ahead… The better your credit is, the lower your debt to income ratio is, the better loan product and interest rate you will qualify for.   Sometimes it takes a year or so to get your numbers right, so you can never ask questions too far ahead!  
 
EVALUATE, EDUCATE, EXECUTE
 
My best to you always, 
 
Missy Walden
National Association of Expert Advisors
www.askthewaldenteam.com  

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