Okay, I admit the title for this post is a little bit dramatic. But I needed to get your attention to let you know of a change in the mortgage industry. As a Spring Texas Realtor, I do not even attempt to stay on top of the ever changing mortgage industry. Instead, I rely upon the expertise and knowledge of the loan officers at HomeTrust Mortgage .
The other day, I received the following email from Marilyn Causy of HomeTrust Mortgage outlining the latest change in the mortgage industry:
” We are now required to pull a one bureau credit report three days prior to closing on every loan that is taken after June 1, 2010. Even though we always stress to our borrowers that they should not make any new purchases prior to closing their loan, we really need to stress this more. If we have a borrower that has marginal credit scores or tight debt-to-income ratios to begin with, any negative change could cause the loan not to close and it would be right before closing that this could happen.
You should be and will be excited about purchasing a Spring Texas house just don’t let it get the best of you. Do all the shopping you want but hold off on buying until after you close on your house. I know I may sound like your mother but … oh well. I would rather that than you being mad at me because I didn’t give you proper advice.
Jill made me feel like we were genuinely in the BEST of hands for the duration of our home sale!... read moreJill made me feel like we were genuinely in the BEST of hands for the duration of our home sale! She is absolutely incredible at her job and we never had to worry about anything because the second we begun to wonder about anything, she already had an email or text on the way to put our minds to rest. :)
I really cannot thank her enough for the amazing job she did with selling my first house. I always felt like she made my husband and I a high priority and I am beyond elated with the impeccable work she did for us to sell our home at full asking price--and SO quickly! Her marketing strategy was for our home was brilliant, the photos she took were exquisite, and her patience with me during this new process was really admirable. I asked many, many questions since I had not sold a home before and I was humbled by the amount of generous time she spent solely answering my lengthy list of questions.
Thank you Jill. You are the BEST realtor. We are so grateful for you! read less