You’ve found your dream home, your offer is accepted and your closing date is 20 days away. We know your mind is on furnishing your house and buying supplies. And you are probably a little overwhelmed with all that goes into moving. Don’t jeopardize your chance at a successful closing by making one of these errors.
Here’s what NOT to do before closing on your new home:
- Change jobs
- Increase debts
- Apply for new credit
- Move money without a paper trail
- Skip a payment or make a late payment for a bill
- Spend your savings
- Buy big-ticket items
Lenders will continue to check your credit, income and job stability up to just before closing to see if anything has changed that may impact you qualifying.