Attention Buyers - Did you know?

Buyers you now need to know if you applied for a Fannie/Freddie loan after 6/1, one of the new guidelines is the lender will pull a new credit report 10 days prior to closing and any new inquiries listed will need to be followed up on to confirm no new credit was obtained.  If your credit score has fallen, your loan will need to go through the approval process all over again which will jeopardize the closing.  Make sure you talk with your lender and get all the details.