Step 11: Watch your Finances!

It is very important that you understand this completely!

When you were initially pre-approved, it was based on your assets and debt at that point in time. However, the lender will pull your credit one more time the day before (or the day of) your closing. Therefore, it is important that you spend wisely, do not open or close credit cards, and pay your monthly bills on time between now and your closing date. Do not acquire additional debts because it could jeopardize your mortgage approval.

If in doubt as to whether a potential purchase will affect your ability to obtain a mortgage, please speak with your mortgage lender.

Questions?  Feel free to contact us at 402-415-4799 or email us at