Yikes! 6 Reasons Home Deals Can Go Straight to Hell

You fell deeply in love with an updated Victorian, knocked a few grand off the asking price, and maybe even bought a spiffy camelback sofa for your new living room. Sweet! Still, until you close and the keys are in hand, there’s a sliver of dread in your mind: What if your dream of homeownership falls apart at the last minute?
This possibility does exist: A survey by the National Association of Realtors® found that 1 in 16 home deals falls through. Here, Realtors® explain why it happens—so you, dear home buyer, can learn how to keep these curveballs from crashing into your dreams.

Reason No. 1: A change in credit score

Credit scores can fluctuate between loan approval and closing. Just one missed bill payment could lower your FICO score and increase your mortgage payment, or even make you ineligible for the mortgage.




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To discuss your home buying needs please contact The Easterbrook Team Today!
John Easterbrook-916.224.7653
Patty Aguon-916.833.5063
EasterbrookTeam@spmc.com