11/02/2026
Tis' the season 🛒🛍️💳... little tidbit from recent lender email:
🟢 If a buyer is using a credit card they already have, lenders will 𝗻𝗼𝘁 be notified and it will have no impact on the loan process.
⚠️ If the buyer opens a 𝗻𝗲𝘄 𝗰𝗿𝗲𝗱𝗶𝘁 𝗰𝗮𝗿𝗱 𝘁𝗼 𝘁𝗮𝗸𝗲 𝗮𝗱𝘃𝗮𝗻𝘁𝗮𝗴𝗲 𝗼𝗳 𝗮 𝘀𝗽𝗲𝗰𝗶𝗮𝗹 𝗽𝗿𝗼𝗺𝗼𝘁𝗶𝗼𝗻, 𝘁𝗵𝗲 𝗹𝗲𝗻𝗱𝗲𝗿 WILL 𝗯𝗲 𝗻𝗼𝘁𝗶𝗳𝗶𝗲𝗱 𝗮𝗻𝗱 𝘄𝗶𝗹𝗹 𝗵𝗮𝘃𝗲 𝘁𝗼 𝘃𝗲𝗿𝗶𝗳𝘆 𝘁𝗵𝗲 𝗻𝗲𝘄 𝗱𝗲𝗯𝘁 𝗮𝗻𝗱 𝗶𝗻𝗰𝗹𝘂𝗱𝗲 𝗮 𝗺𝗶𝗻𝗶𝗺𝘂𝗺 𝗽𝗮𝘆𝗺𝗲𝗻𝘁 (even if the promotion is no payments due for a certain period of time).
⚠️⚠️This could have an impact on the timing of a closing or on the debt ratios, which could pose problems.
When in doubt... wait! Ask your agent and/or lender! That's what we are here for! Helping you avoid pitfalls you aren't even aware of! 🏡
