Re-Financing or Buying a Home?
Here is an important bit of vital information your Bank or Loan Officer may not mention when you are re-financing a property or buying a home. Once you receive your pre-qualification letter, DO NOT make any large purchases such as a car or boat. Do not quit your job, or make any financial moves that will affect your credit or financial standing with the bank. There are lending guidelines that the bank is required to follow and any major financial move may alter your loan approval to a denied status. The bank will re-check all your financials before the closing to re-confirm all your information.