Hi Folks - I'm scheduled to close on 8/30. I currently have a 401K loan for 11K and an auto loan for 19K. I have two vehicles - one is paid for. I can sell the other truck, pay off the auto loan AND pay off the 401K loan. This seems to me to be win/win. Will this put my mortgage closing at risk? I've heard that it's not a good idea to make any major $$$ moves prior to closing. Appreciate any advice you can offer. Thanks
Easy answer, talk to your loan officer first.
Agree with this. August 30 is pretty far away, so likely not a big deal. Are you pre-qualified already, with the loans you described?