1.
Do not change jobs, become self-employed, or quit your job.
2.
Do not buy a car, truck, van or any vehicle. If it is urgent, talk to your lender.
3.
Do not use charge cards excessively or let your accounts fall behind.
4.
Do not spend the money that you have set aside or any part of your closing funds.
5.
Do not omit or hide any debts or liabilities from your loan application.
6.
Do not buy furniture, either with your closing funds or using credit. Only window shop!
7.
Do not originate any inquiries into your credit.
8.
Do not make any large deposits without first checking with your lender.
9.
Do not switch banks or move your money to another institution.
10.
Do not co-sign a loan for anyone.
If you are unsure about what to do and what NOT to do - Always ask your agent or lender!
WARNING:
VERY SERIOUS!
SERIOUSLY, I'M NOT KIDDING!
Do not make any significant purchases, finance anything, purchase large items, etc. while going through the closing and financial process. Only make purchases that are for your day-to-day items such as bills, groceries, gas, etc. Any large purchases or any additional financing, can be dinged against you at closing and can hinder or deny a final approval.
Do not make any large purchases until the process is closed and you have the keys in hand!
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