Redfin

MARCH 3, 2022

You’ll want to rethink purchasing that beautiful new couch and hold off on planning those backyard additions before the title has been cleared. Unless you’re submitting an all-cash offer, you’ll need to obtain financing to purchase your home. Give your loan officer full disclosure from the start – tell us everything.

Closing 62

Closing Title search Purchase and sale agreement Title 62

HomeLight

JULY 29, 2022

Problem: Your credit took a nosedive since you applied for a loan. You can avoid getting into this situation by avoiding making other big purchases or applying for other loans once you are approved for a mortgage and under contract. This can radically alter their debt-to-income ratio and jeopardize the whole deal.

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Closing Purchase and sale agreement Title Home sale contingency 104

HomeLight

JUNE 30, 2022

For example, it may be worth strategically paying down some of your debt or disputing any errors on your credit report before purchasing a home. Lenders will also want to know if you’ve ever declared bankruptcy or owned a house that went into foreclosure. Line up financing. Bank statements. Tax returns for the last two years.

Purchase and sale agreement 73

Purchase and sale agreement Inspection Earnest money deposit Closing costs 73