Credit Check Prior to Closing
Yes folks…Fannie Mae is now going to require, from the lender that is selling your loan to them, a credit report pulled prior to funding.
DO NOT USE YOUR CREDIT CARDS anytime after you have started your loan process. Even 1 point drop could hurt you in the closing of your loan. You might even have to go back to underwriting and your interest rates could change, the terms of your loan could change, you might not even qualify to purchase that new home. Yikes!
