Скачать или смотреть 10 Things to Avoid During Escrow | Home-Buying Guide in Naples

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Escrow 101: The Top 10 Things to Avoid for a Hassle-Free Home Buying Process

When you are in the escrow process, there are certain things that you should avoid doing to ensure a smooth transaction. Firstly, it's essential to refrain from buying furniture, even if the payment is deferred until after closing. This is because it can affect your ability to get a loan and the terms of your loan. Additionally, you should not allow any additional inquiries on your credit report except for insurance purposes. This is because it can also affect your credit score. It's also essential to only make significant deposits or take out large amounts of money after first checking with your lender or agent. This is because it can also affect your ability to get a loan and the terms of your loan.

Moreover, you should not change bank accounts or co-sign on loans for anyone, no matter what. If you are a co-signer for anybody, it's essential to let your agent know or your lender. Furthermore, you should consult with your lender or agent before changing jobs or quitting your current job. Doing so can affect your ability to get a loan and the terms of your loan. Also, it's essential to consult your lender or agent before making large purchases, such as a car or boat, so that you can make large purchases.

Lastly, pay attention to any requests or communications from your lender or agent. Keeping an open line of communication during the escrow process is vital to ensure a smooth and successful transaction.


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