Monday, August 9, 2021 / by Sandy Gabrielli
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1. Credit. The credit that got you approved needs to be the same as when you close. You generally don't want to make any big purchases, pay anything off, or make large deposits. Talk to your lender to make sure that it won’t affect your ability to close escrow. Right before closing, the lender will be doing another credit verification.
2. Timelines. There are contractual timelines built into your agreement to purchase the home. Lenders also have deadlines for information needed to finish the transaction.You need to be very responsive to any requested information in order to close escrow on time. It will save you money, time, and stress.
3. Wire fraud. Pay attention if you get a request to wire funds. You will likely be wiring funds at the close of escrow to cover your down payment and your closing costs. Those will be wired to the title company. To verify that the funds being requested are legitimate, talk to your lender, agent, and escrow officer.
If you have any questions, please reach out to me.