Mortgage Mistakes
A mortgage approval is fragile. One wrong move—even a small one—can cause an underwriter to decline your file at the last minute.
The Real Problem
Most borrowers think that once they have a 'Pre-Approval,' they are safe. In reality, your credit and bank accounts are monitored until the day of closing. Any change can trigger a re-review.
The Short Answer
Freeze your finances. Don't buy anything new, don't move money around, and don't change jobs until you have the keys in your hand. If you must do something, call your loan officer first.
New Debt
Buying a car or furniture on credit before closing will increase your DTI and could kill your approval.
Large Deposits
Moving cash between accounts or depositing 'mattress money' creates a sourcing nightmare for underwriters.
Job Changes
Even a 'better' job can delay your closing if it changes your pay structure (like moving from salary to commission).
The 'Safe' Checklist
- Keep your credit card balances exactly where they are.
- Continue paying all bills on time—even the ones you're disputing.
- Keep your original bank statements and paystubs organized.