K.M. Minemier & Associates is a certified Woman Owned Small Business (WOSB) engaged in full service real estate asset management and marketing.

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Ask Your Lender!

November 11, 2021

SO, YOU ARE BUYING A HOUSE…It seems that once a buyer signs a purchase agreement, they do not always realize that certain things that they do will affect their ability to purchase the home.  It does not matter if it is a Holiday season, or Back to School time, and the lender will not be happy to see charges to any credit card or spending that is not a normal everyday occurrence.  Even if your house needs appliances, and the sale looks too good to pass up, it could still change your debt to income ratio and get in the way of closing on your house.  Even if the lender says that they will not charge you for a year or 6 months, even if the ad says no credit check required, it is still not a good idea, and you need to have a conversation with your lender.  Also, that 10-day vacation that you have been planning may not be the right time, and you should also ask your lender about taking any days off.  Even trading in your car, for a less expensive car payment during this time should also be avoided.  This is really the time to think before you spend.  And if you are not sure, ask your lender!

Tags: ##mortgage

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