What is Commitment... not on a personal level but for your purchase?
Commitment is when the bank/lender has said yes and all conditions have been satisfied. This is when you know you have the loan... but don't completely relax.
The lender has the right to check your credit, income, assets, and employment status up to and including the day of closing!
As we tell all of our clients -- Don't Buy and Don't Apply. Buying items on credit cards can change your credit score... or applying for new debt. Whatever you want to buy for your new home will still be there AFTER you close!
For more home buying tips contact me via my website at: http://www.new-hampshire-home=mortgage.com
Wednesday, June 3, 2009
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