Lenders ARE watching: Tuesday Jumpstart

Register for the TOOLKIT https://forms.office.com/r/kLg4K2VaKF

If I told you you could reach a ton of people today, and it would cost you nothing and get you in front of a good client base that already loves you, what would you say? Yeah, that's what we're going to do today.

It's Tuesday. This is your Daily Boost here on Recharging with Champions, and I'm your host, Charlotte Harrell. And today we're going to do a Tuesday tip. All week this week, we're talking about obstacles that buyers face while they're in the process of buying a house.

So we told a story yesterday. If you didn't check that out, go check out the previous message. It's a great story that probably everyone here can relate to. Today, we're going to do a Tuesday tip. And this is a fun one because a lot of people don't realize that this is a thing.

Did you know that all lenders have something called credit monitoring now? Which just means once you have had your credit pulled and you are under contract, when that loan goes in, it starts a credit monitoring, which looks for credit triggers like new accounts, credit pulls, things like that.

This is to make sure that people aren't accruing new debt, or maybe even getting two mortgages at the same time. You could see how that would be a problem when it comes to debt ratio. So this is something that we're required to do to make sure that there's no fraud going on, but it also triggers us and lets us know if you have went and purchased a new credit card or that furniture we talked about yesterday.

So the pro tip is, FYI, did you know that lenders start monitoring your credit for new credit pulls and new accounts when you start buying a house? That's a quick and easy tip. You can use the link that I have in the toolbox that shares more about it if you just want to share that link. You could even just say that tip with a nice color behind it, easy peasy, or get on video and talk about it.

However you want to do it, this is a very fast, good 411 that a lot of your clients really do need to know that this is something that happens. So don't think you can sneak and beat the system. We're monitoring the system.

This is a great tip and something that will explain some of the hurdles that buyers do face when they're under contract and going to buy a house. Don't hesitate. Take a few minutes, Make the post right now while you're thinking about it, while you've listened to this podcast. You can do this. It is so simple. Go market. We'll talk to you tomorrow.