This one seems obvious until it isn’t. Someone’s in the middle of buying a home, they get a mailer for a 0% interest card, they think “well I’m not closing for six more weeks” and then their credit score drops, their debt-to-income ratio shifts, and suddenly the loan looks different than it did at pre-approval. It happens. More than you’d think.
Michael explains exactly why lenders are watching your credit file like a hawk from pre-approval all the way to the closing table, what a new credit inquiry does to your score, how debt-to-income works and why it matters, and the specific things that send lenders into alarm mode. This is the episode you want to hear before you make a move you can’t undo.
Share this one with anyone who’s in the middle of buying a home right now. It might save them a deal. Subscribe to Home Buying Made Easy for the warnings people wish they’d gotten sooner.
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