Once a lender reviewed your finances as part of the homebuying process, you want to be as consistent as possible.
- Don’t change bank accounts.
- Don’t apply for new credit or close any credit accounts.
- Don’t deposit large sums of cash into your accounts.
- Don’t co-sign other loans for anyone.
- Don’t make any big purchases — including furniture, appliances, or even a car.
The best tip of all? Before you do anything financial in nature, talk to your lender first.
Some Highlights
- Once a lender has reviewed your finances as part of the homebuying process, you want to be as consistent as possible. Don’t make any big changes that could affect your mortgage application.
- Here are a few tips. Don’t change bank accounts or apply for new credit. And this one may surprise you, don’t buy appliances or furniture for your next home yet either.
- The best tip of all? Before you do anything financial in nature, talk to your lender first.
