The shutdown effect is obvious if you're a government worker suddenly trying to buy a home with IOU's – but, otherwise, why would your mortgage application be affected?
Other loans may require verifying paperwork from the IRS – for example, verification of income – before loan processing can proceed.
How To Keep the Home You Already Have Government workers who already own homes have a more fundamental cash flow problem.
Your lender may also be able to provide a short-term loan at reduced interest rates.
It may be making mortgage payments when you're hit with a financial crisis, making unexpected home repairs, or getting into a bidding war to buy your first home.
Start by establishing an emergency fund during better times, so you don't have to rely completely on credit to get through a true financial crisis.
If you would like to monitor your credit to prevent identity theft and see your credit reports and scores, join MoneyTips.
Make all payments on time and keep other debts as low as possible.
You'll have to prioritize debt and possibly make only minimal credit card payments while you devote existing cash toward your mortgage.
Did we mention the importance of an emergency fund?