Home Stretch: Avoid These Mistakes Before Closing Day

You’ve made it past the open houses, nailed the negotiation, and you’re officially under contract. It’s easy to think the hardest part is over—but the finish line isn’t quite in sight just yet.

The time between offer acceptance and closing is a delicate one. During this window, lenders are keeping a close eye on your financial stability. Even small missteps can ripple into big consequences, including delayed closings—or worse, a denied mortgage.

Here are five smart ways to stay mortgage-ready until closing day arrives:

1. Hold Off on Major Purchases—Yes, Even for the New Home

We get it. You’ve already picked out the fridge, the perfect sectional, and a dreamy area rug that ties the whole room together. But buying big-ticket items before your mortgage closes—especially with credit—can shift your debt-to-income ratio in a way that alarms lenders.

Stick to this rule: If it wouldn’t fit in a carry-on, it can wait.

2. Say No to New Debt (For Now)

Opening a new credit card or co-signing a loan might seem harmless. But even the act of applying results in a credit inquiry, which can lower your credit score temporarily. And any new debt increases your financial obligations—something lenders won’t overlook.

Your best bet: Keep your credit profile exactly as it was when you got pre-approved.

3. Don’t Change Jobs Without a Game Plan

A new job offer might come with more pay or better hours, but it also means a change in income source. If your loan is based on your current employment, even a promotion can trigger delays if pay structure or job stability is in question.

Solution: Delay the switch until after closing—or consult your lender first.

4. Stay Current on All Payments

Missing a credit card or loan payment—even by a few days—can tank your credit score. Your lender will likely run a final credit check before funding your loan, and even one late payment can put your approval at risk.

Set reminders and double-check due dates. One slip-up could cost you a house.

5. Keep Large Deposits Clear and Documented

Depositing a big sum of money into your account? Be ready to show where it came from. Lenders want to ensure all funds used in the purchase are sourced properly—especially if it’s a gift or cash savings.

Tip: Talk to your lender before transferring large amounts.

Final Thought: Financial Patience = Homeowner Payoff

The days leading up to closing can be exciting—and nerve-wracking. But staying financially consistent and resisting impulse decisions will help ensure a smooth path to getting the keys.

Once you’re officially a homeowner, celebrate all you want. Until then? Keep calm, and don’t touch your credit.

Compliments of Virtual Results