I agree with everyone else. Wait until after the closing is done before you go out and charge anything on your credit cards. It is not unusual for a closing to be postponed a day or two, or for a bank to request another credit report the day before the closing. Don't put yourself in the position of changing your debt to income ratio.
Enjoy your new home.
Realty Hub, Inc.
Will make a list of what is needed and then Thurs morning run and pick up everything. The paint is coming from Wal-Mart and they are open 24 hrs so I can go there early Thurs morning. This has been a great site and everyone has answered quiet a few questions that I have had. Unfortunately, my realtor has not been very helpful Today was the first time I have seen or talked to her since I signed the contract. We did the walk-thru. Again thanks to you all!!!!
I equate being a buyer in this market to being in a life boat in very rough seas. Do NOT do anything to upset the boat at this point, and follow the directions of the captain of the boat, your mortgage broker. NO matter how much you want that new paint on your soon to be walls, there is not reason it cannot wait a week.
Have fun in your new house.
The reasoning for these agents telling you not to spend a dime until closing is because of your debt to income ratio. I had a client who was in a similar situation and a week before the closing they charged a bunch of stuff on their new home depot card. The bank said his debt to income ration was too high and he could not close. You don't want to be in that place. Best
Call or e-mail if I can help.
Southern Premier Realty
Cape Coral, FL
It would be in your best interests to wait till the closing to invest in anything for your new home. Have everything ready to go, but any money invested should be after closing. In this market, I would be very careful.