CORRECT ANSWER:
Sue shouldn’t have made any new purchases until after their transaction closed.
Sue shouldn’t have financed her purchase. She would have been better off paying cash.
Sue should have been much more careful about the type of credit account she opened.
All of the above are true. Sue made a big no-no!
Pro tip to keep in mind:
Avoid making any large purchases before your closing, unless you've consulted with us or are using extra cash not required for your home transaction. Also, it's crucial to resist the urge to use credit or open new credit accounts. Doing so can negatively impact your credit score. I've witnessed clients who've made this mistake and ended up having to
cancel their home purchase, sometimes even losing their
earnest money deposit. So, always check with us first to keep your homebuying journey smooth!