Redding Ca Homebuyers just find a home? Read up....
Posted by Rick Goates on Fri, May 28, 2010 @ 10:48 AM
Redding Ca News-Redding Ca Real Estate,Homeowners may have relief!
If you just put a Redding Ca area home into escrow keep this advice in mind unless you have 800+ FICO scores!
Fannie Mae has just changed their guidelines and if you credit score drops you might not get that loan!!
The safest bet is this.....if you have a home in escrow DO NOT use you credit cards or do ANYHING on credit!! Nothing!!!
For some people that are teetering going out and buying a new couch might just put them out of qualifying for their loan now!
Safest bet?? Until you get your keys and it closes....don't purchase anything using your credit cards....pretty simple but very important...
I remember many years ago a nice young couple that celebrated their new home purchase and went out and bought all new furniture! They didn't get the home because it changed their FICO scores Just before they closed!! Owch....
Make it a great day!
Regards
Richard Goates
01251781
Contact me today for Redding Ca Real Estate Info