Entering a real estate transaction can be an exciting yet nerve-wracking experience, especially for first-time homebuyers. One of the most important things to remember is that honesty is key. It’s tempting to hide things that might seem minor or embarrassing, but when it comes to securing a home, transparency is essential.

If you’ve recently made a cash deposit, received money via apps like Zelle or Cash App, or used an installment service like Afterpay, don’t try to cover it up. The underwriter will find out eventually, and when they do, it could delay your process or even jeopardize your approval. Similarly, if you’ve recently lost your job, received a job increase, or missed a payment by accident, be upfront about it. Hiding these details can cause bigger issues down the road.

The process of buying a home typically involves several stages: processing and underwriting. If the underwriter uncovers hidden information during their review, it can derail your chances of getting approved. So, it’s always best to share any financial or personal updates early on.

In the world of real estate, things happen fast, and sometimes life doesn’t go according to plan. But being honest ensures that you’re not caught off guard or scrambling when the underwriter digs deeper into your background.

To avoid surprises, be transparent from the start. Your realtor, lender, and title company are on your side, and together, you can make the process smooth and successful. Be honest, stay upfront, and protect your future home!

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