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.

 

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