Don’t Buy a Couch and Other Things to Avoid During

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Real Estate

It’s easy to get caught up in new furniture and appliances for your new place. Before you do anything for your new home, think about how your loan closing could be affected.


Before your loan closes, lenders are required to pull a refreshed credit report. Any major changes can delay your closing or even result in a denial.


In general, these are the main things to avoid during the home loan process.

Don’t change jobs, quit your job, or become self-employed
Don’t buy or trade in a vehicle
Don’t increase debt balances or let current accounts fall behind
Don’t spend money you saved for closing
Don’t omit debts or liabilities from your loan application
Don’t buy furniture or appliances, or make a new credit application
Don’t originate credit inquiries (e.g., no new loans, credit cards or lines of credit)
Don’t make large deposits or transfer funds
Don’t change bank accounts
Don’t co-sign any loan  


Make sure to talk to your lender if you think any of these don’ts are unavoidable. Your lender can help you determine what to do so your loan is least negatively affected.