Second Credit Checks for Home Buyers: Be Prepared


In today's real estate climate, getting a pre-approval on a loan doesn't mean you can kick back and go on a shopping spree to furnish your soon-to-be dream house. With stricter regulations mandating a further credit probe before borrowers close their mortgage, real estate experts are advising prospective home shoppers to keep their financial situation static until the deal is finalized. Starting June 1, Fannie Mae has a new rule going into effect which requires