BECU Financial Advisor


Avoid problems when purchasing a home

When purchasing a home or refinancing your existing home the last thing that you want to happen is to find out that upon closing you are no longer qualified.

How can that happen?

When you make your mortgage application the lender is looking at a number of factors including your income, credit score, job history, debt levels and money for a down payment and reserves.

When you get to closing your lender is going to check to make sure that the assumptions on which the loan was originally approved are still valid.

If you do make changes just make sure that they will be favorable in the eyes of your lender.

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09/11/2013 8:56AM
Avoid problems when purchasing a home
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