Why do some real estate deals fall through? A survey conducted by the National Association of Realtors found that one in every five home deals falls apart. Following are six primary reasons that the dream of home ownership collapses at the last minute.
A change in credit score
Credit scores can fluctuate between loan approval and closing. Just one missed bill payment could lower your FICO score and increase your mortgage payment, or even make you ineligible for the mortgage.
To prevent this scenario from happening, buyers who are nearing the closing…
- July 20th, 2016
- +Mara Calomino