10 Things to Avoid Before Closing on Your Home

So you’ve been pre-approved for your first mortgage loan, and you’ve found the perfect starter home. Your offer was accepted, the home inspection has been negotiated and your loan officer locked you in at a competitive rate. You likely think you’ve all but sealed the deal.

You won’t officially be a homeowner for maybe another 20-30 days, give or take, so don’t get careless. Because guess what? Your lender will check your credit again just before your closing date, prior to granting you the funds. Your lender might also need additional information from you while processing your loan application. That means that keeping your finances stable and being readily available to answer any questions over that 30-day time period is pretty important.

Here are 10 things you should avoid doing before closing your mortgage loan.


  1. Buy a big-ticket item: a car, a boat, an expensive piece of furniture
  2. Quit or switch your job
  3. Open or close any lines of credit (NONE!)
  4. Pay bills late
  5. Ignore questions from your lender or broker
  6. Let someone run a credit check on you
  7. Make large deposits to your accounts outside of your paycheck
  8. Cosign a loan with anyone
  9. Change bank accounts
  10. Take out any payday loans

Depending on your personal situation, you might want to take some time to get comfortable with your new mortgage payment — and after that, it’s probably okay to splurge on that new kitchen table, go on a long vacation or open a new line of credit. But doing so before you close could potentially put getting your home in jeopardy. 

Bottom Line

It’s now more difficult to get a mortgage loan. As a homebuyer, you don’t want anything to jeopardize the purchase of your dream house. Getting approved for a mortgage is one of the most important steps in the property buying process.

By making wise decisions in how you manage and use your money before you apply for a mortgage, you increase the chances of getting the home loan that meets your need.

For up-to-date information on YOUR Indiana area neighborhood or a FREE Seller Consultation – call The Romanski Group at (765) 293.9200.  Using an experienced team is the way to get your home ‪SOLD‬! You deserve the BEST Realtor in the Lafayette Indiana area!

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