What are the do's and don’ts of being in escrow?
Do:
- Continue using a minimal amount of your available credit.
- You can maintain the usage you had at qualifying, but do not increase your debt.
- Pay your bills on time, or early.
- Follow up on the escrow process to be sure you are current on your tasks.
Do Not:
- Close any credit cards.
- Change jobs.
- Buy or lease a car.
- Open new lines of credit.
- Spend your assets, other than living expenses and normal bills.
Show me more Homeowner Tips
Federally insured by NCUA
NMLS #597599