Buying A Home
alylove11
member
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
So close to closing... I'm about to a have a heart attack
I have 2 student loans with two different companies. I accidently paid the one company twice this month. I went online to pay the second company to find out I was late by 4 days. I paid the late balance and the next month's balance too.
I'm freaking out because I've been told to not open new debt and don't miss any of your payments. I'm scared that this could make the underwriter deny our loan now. Can they? We don't have any new debt, just this.
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Re: So close to closing... I'm about to a have a heart attack
Don't panic! Sometimes there is a grace period so you might not technically be "late". Secondly, credit reports aren't instantly updated... usually every 30 or so days so it won't be posted yet. Third, accounts are usually considered late for credit reporting when you are more than 30 days late. There are different marks for 30 days late, 60 days late, 90 days late. I think you'll be fine!
If the underwriter has been working on it for a while, i wouldnt worry too much about it since they should have pulled the copy they are going to use already. My lender gave the underwriter the copy of the most recent pull which was two weeks before closing. I was worried as well because we went on vacation a week before we found out we got the house (short sale, bank finally approved), so of course since we have a perks CC, we used it while on vacation, so our debit increased right before closing since the bill came in with those costs right before they pulled the Credit Report. We paid it off that month, but it still showed up as new debit. It turned out fine, it wasnt a concern for them.
If it becomes an issue they will let you know.
Best Wishes in your new home!
It wouldn't even show on your credit report unless you were 30 days late. I would not be concerned at all.