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How
to protect your Home Loan
Amazing But True !!
Many people Ruin their Credit
Rating just before closing on the home they want. Without
a good credit rating, they many times cannot get a loan and loose
their house.
After working so hard to earn a good
credit rating, you should protect it so that you can get a good
interest rate and most importantly the house you want.
Too many Buyers, after getting loan
approval to buy that new house . . . Go on a buying Binge.
They may buy a Big Screen TV, a new car or furniture for the new
house.
What they just did was dramatically
change their spending profile, and go into more debt, maybe get a
new car loan.
When the home loan officer runs their
credit again before issuing their mortgage, their credit rating
is now much different than when Loan Approval was given. They
may get buy with just a higher interest loan. They may have
done enough damage that now they cannot get a loan.
Do You and Your Family a big Favor:
After getting your loan approval to
purchase your new Home, Be on your best Monetary Behavior until
you close the deal and the house is yours. After closing
if you must make those big expenditures at least it will not
jeopardize your Home Loan.
Read
Protecting your Credit
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