Colorado Springs Vintage Homes Blog
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Financial Do’s and Don’ts
Credit Do’s and Don’ts
You have finally decided to buy a Home in Colorado Springs. You have a lender and are now pre-approved.
Below you will find a reminders of DO’s and DON”Ts to do before you buy your Colorado Springs dream house.
For a free Buyers Guide, Email Kathy Torline at KTorline@msn.com
Related Articles:
- Pre-Qualification or Pre-Approval, which do you need to buy a home?
- Credit score explanation
- 26 criteria used to determine interest rates
DO’s
- DO continue making your mortgage or rent payments
- DO stay current on all your existing credit card accounts
- DO keep working at your current employer
- DO continue living at your current residence
- DO continue to use your credit as normal
DON’Ts
- DON’T make a major purchase (car, boat, fur, jewelry, etc.)
- DON’T apply for a new credit card
- DON’T transfer any balances from one credit card account to another
- DON’T pay charges offs without discussing it with your lender
- DON’T pay off collections without discussing it with your lender
- DON’T buy any furniture on credit
- DON’T close any credit card accounts
- DON’T change bank accounts
- DON’T max out or over charge on your credit card accounts
- DON’T consolidate all your debit into 1 or 2 credit cards
- DON’T take out a new loan
- DON’T finance an elective medical procedure
- DON’T pay off any loans or credit cards without discussing it with your lender
Tips for Colorado Springs Consumers – what is identify theft?
Get a Free Market Analysis on your Home, Email KTorline@msn.com or call 719-287-1049
Colorado Springs Vintage Homes is happy to feature a great article
on Identify Theft from
Anza Goodbar, President of Clearview Mortgage 
What is identity theft? Identity theft occurs when someone uses your personal identifying information, like your name, Social Security number, or credit card number, without your permission, to commit fraud or other crimes. It is estimated that nearly 9 million US citizens have their identities stolen each year.
In today’s world, your credit score may be one of the most valuable possessions you have. A good credit score can Read the rest of this entry »
