Buying a house and consolidating debt
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But there are also often hidden fees and interest rates that can increase dramatically without warning.Consolidation may not improve your credit in the way you expect, so be sure to read all the fine print.They closed on their existing home but didn’t make their last mortgage payment.Unfortunately, this was flagged on their credit report and prevented the buyer from getting the loan for their new purchase.
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Needless to say, this caused their purchase to be delayed, and in the process, they lost thousands of dollars.
You want to maintain that state – the one that got you the pre-approval – at all costs.
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