Getting approved for a mortgage is exciting, but your loan isn’t fully finalized until your home closes. Avoid borrowing money, opening new credit cards, financing furniture or appliances, leasing a vehicle, or making large purchases before closing. Lenders often perform a final review of your credit and finances before releasing mortgage funds. New debt can increase your debt-to-income ratio, lower your credit score, and potentially delay or even jeopardize your mortgage approval. **To protect your purchase:** * Keep credit card balances low * Pay all bills on time * Avoid new loans or credit applications * Don’t make major purchases until after closing * Consult your mortgage broker before making financial changes **The best advice:** Keep your finances exactly as they were when your mortgage was approved until you have the keys to your new home. 🏡🔑

July 23, 2026

Getting approved for a mortgage is exciting, but your loan isn’t fully finalized until your home closes.

Avoid borrowing money, opening new credit cards, financing furniture or appliances, leasing a vehicle, or making large purchases before closing. Lenders often perform a final review of your credit and finances before releasing mortgage funds. New debt can increase your debt-to-income ratio, lower your credit score, and potentially delay or even jeopardize your mortgage approval.

To protect your purchase:

  • Keep credit card balances low
  • Pay all bills on time
  • Avoid new loans or credit applications
  • Don’t make major purchases until after closing
  • Consult your mortgage broker before making financial changes

The best advice: Keep your finances exactly as they were when your mortgage was approved until you have the keys to your new home. 🏡🔑

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