06/03/2026
Under Contract? Read This BEFORE You Touch Your Wallet!
You’re officially in escrow! Now, read this so you don’t derail your closing. 🛑🏡
Getting your offer accepted is an incredible feeling, but remember: being in escrow doesn't mean the keys are yours just yet. The period between going under contract and closing day is critical, and lenders are watching your finances with a magnifying glass. 🔍
To ensure a smooth closing, here are three major things you must avoid while in escrow:
1. Making Major Purchases on Credit: Hold off on buying that new living room furniture or financing a new car! Opening a new line of credit or adding a massive balance to your existing cards can throw off your Debt-to-Income (DTI) ratio and completely disqualify you for your loan. 🚗🛋️
2. Changing or Quitting Your Job: Lenders require absolute stability during this phase. Even a promotion or a lateral move into a different pay structure (like switching from salary to commission) can freeze your loan approval process. Keep everything consistent until the keys are in your hand! 💼
3. Moving Large Sums of Money Around: Avoid making unusual cash deposits or shifting large amounts of money between different bank accounts without a clear paper trail. Lenders must source every dollar of your down payment, and unverified funds can cause massive delays. 💸
A minor financial misstep right before the finish line can save—or cost—you your dream home. When in doubt, always ask your trusted Realtor and lender before making any big moves! 📉
👉 Planning a move this year and want to ensure a seamless process from start to finish? DM me "ESCROW" to get my complete step-by-step buyer's guide! 🛠️🏡
🌐 www.carlashaheed.com
Carla Shaheed
DRE # 01865829
📞 707-377-3826
📧 [email protected]
