09/23/2025
📢 PSA: Getting pre-approved is one of the smartest first steps you can take as a buyer. But once you’ve got that letter in hand, it’s not a green light to change your financial landscape. Here are 4 things to avoid until you close:
❌ OPENING NEW CREDIT (credit cards, car loans, etc.) Even a “small” card for points can change your credit score or debt-to-income ratio. Lenders re-check before closing, and a new account can throw your approval off balance.
❌ MOVING LARGE SUMS OF MONEY AROUND - Big deposits or transfers raise red flags for underwriters. Every dollar has to be sourced, so those movements can cause delays or extra documentation headaches.
❌ CHANGING JOBS OR EMPLOYMENT STATUS - Lenders want to see stable, predictable income. Switching jobs, changing from salaried to self-employed, or even reducing hours can put your loan in jeopardy or force the whole approval process to restart.
❌ BUYING FURNITURE OR APPLIANCES BEFORE CLOSING - I know it’s tempting to start shopping for your new space, but new debt affects your ratios. That $5,000 sectional could actually cost you your loan approval.
💡 Bottom line - keep your finances and job steady until the keys are in your hand. Once you close, THEN you can celebrate with the new sectional!
Thinking about getting started? Reach out and I’ll make sure you’re set up for success! ❤️
