Let me give you the specifics first: Me and the wife pre-qualified for our house back in Feb. I have bad credit (583) and the wife has good credit (725). We had a truck loan for 25k with a payment of 429 a month. Since the prequal, we sold the truck and cleared the loan. Then we bought another used car for 14k and a payment of 265 a month. We did this to reduce our debt and our payments. We also paid down our credit cards 6k in the past 6 months. None of this was required by our lender, but we did it anyways. Oh, and we asked our lender about doing the car loan stuff and they said as long as the loan was for less, then they don’t have an issue. Anyways, we were just told that we are closing on the 15th of Aug. Do we have anything to worry about? We haven’t heard much from the lender since our original work. The lender is Pulte Mortgage. Your advice is appreciated.
Sorry, this is a VA loan, didn’t know if this would matter in answering the question. I worry, because I am a worry wart and this is my first house. I know sometimes and it seems to be my luck that things change at the last second.
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