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What should I not be buying or spending after my offer is accepted?



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  • PRO Lender

Hi! KMDT9,

Great question and here are my tips for you:

  • The key thing to remember is to keep your financial circumstances steady during the loan process! 
  • If you’re not sure, ask your loan officer to find out how something specific may affect your loan.
  • Do not change jobs, become self-employed or quit your job.
  • Do not acquire more debt like cars, boats, furniture, etc.
  • Do not use your credit cards excessively or let accounts fall behind.
  • Do not spend money you have set aside for closing.
  • Keep your credit history steady by not applying for loans.  When you apply for a loan the lender initiates an “inquiry” that can affect your ability to get your mortgage loan approved.
  • Do not change bank accounts or make large or unusual deposits into your account.  If you’re not sure, ask me!
  • Do not agree to co-sign or co-borrow with anyone during the process of your loan.

Thank you and please reach out if you have any other questions. Best to you, Teo 

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