What do these two subjects have to do with each other? Well, the Tax Credit Extension now gives the buyer 90 more days to get their credit messed with, and just before closing now the new rules require Credit Reports be re-pulled to confirm no new items appear on their profiles. Even the addition of new credit could make the deal blow-up at closing.
Loan Officers that have approved a mortgage based on the client meeting minimum guidelines should have their client call me ASAP. Any deal based on a score of less than 700 could see a serious glitch at closing. And an improved score could lower the client’s monthly payment; this would be providing them excellent service on your part.
My recommendation is to enroll in TRW Credit Group of Austin’s program to insure that the credit score will only go up during this period.