@ ALL HOMEBUYERS ‼️ Where will your SoCal home journey take you? Click the link in my bio to explore all listings and discover your perfect match! Schedule a complimentary buyer or seller consultation with me today: ▫️ 📲(714) 443-1676 (in my bio) ▫️💌
[email protected] (in my bio) ❌Open New Credit Lines Avoid applying for new credit cards, personal loans, or other credit lines before closing. This can negatively impact your credit score and debt-to-income ratio, making it more challenging to secure your mortgage. ❌Buy a New Car Refrain from purchasing a new vehicle until after closing. This significant expense can alter your debt-to-income ratio and credit score, potentially jeopardizing your mortgage approval. ❌Change Jobs Suddenly Maintain employment stability until closing. Sudden job changes can raise concerns about your income and ability to repay the loan, which may impact your mortgage eligibility. ❌Close Old Accounts Avoid closing old accounts or credit cards, as this can affect your credit utilization ratio and credit age. This may negatively impact your credit score and mortgage approval. ❌Make Large Cash Deposits Refrain from making large, unusual deposits into your bank account. This can raise questions about the source of these funds and may delay or complicate the mortgage process. ❌Increase Credit Limits Avoid requesting credit limit increases, as this can impact your credit utilization ratio and credit score. This may affect your mortgage eligibility and interest rate. ❌Rack Up Credit Card Debt Keep credit card balances low, as high debt can negatively impact your credit utilization ratio and credit score. This may jeopardize your mortgage approval and increase your interest rate. Thinking of selling? Click on my website to get multiple FREE home value estimates with interested buyers! . . . .
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