Don't Jeopardize Your Closing!!! You have found the most amazing house, have a signed contract, have gone through Inspection and Attorney review period and have gotten a commitment for your loan!! Congratulations.
Now you probably want to buy some new furniture or perhaps buy a second car. Simple Advise - You may want to wait until after you close - be aware of the following:
For more information regarding homes for sale or listing your property in Highland Park IL, Glencoe, Kenilworth, Wilmette, Winnetka, Deerfield and other surrounding Chicago North Shore suburbs check out my website Noahlevyhomes.com give me a call at 312.203.2416 or email noah.levy@cbexchange.com.
I look forward to hearing from you!
"Noah Knows Real Estate!"
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Valuable information Noah.............great post.
Thanks for your comment Roger. This is something that we need to pass along to our buyers!!
Noah - I agree........I used to sell furniture and told people all the time not to apply for credit until after they closed on their house...........most of them had no idea.
Your lender might also need a recent bank statement and pay stub, so definitely do not change jobs or banks either!
Russel you bring up a great point thanks for the comment.
Noah, great advice, can not say it enough times to first time and repeat buyers. I keep telling horror stories of where the buyer removed their loan contingency and in the 23rd hour the lender did not perform due to new car.
Endre
Now that is a horror story - ouch!
Points well taken ....we always tell our anxious buyers that all the new furnishings can wait a little bit and they may want to get the feel for the house before they decide what to put in it....this is more important today than ever !
Sally & David
With the stricter guidelines buyers need to really be careful with their spending prior to their closing.