Before You Close, Don't Do This: Financial Mistakes That Can Cost Your Approval

One purchase can change your mortgage approval.

And sometimes buyers have no idea until it's too late.

You get pre-approved. You find the house. You go under contract.

Then you think...

"I'm already approved, so financing a new car or buying furniture shouldn't matter."

It can.

Before Closing, Your Lender May Review Everything Again

Before closing, your lender may review your credit, debts, bank activity, employment, and overall financial picture again.

That means things like:

• Opening a new credit card
• Financing furniture
• Buying a vehicle
• Increasing credit card balances
• Co-signing for someone
• Changing jobs
• Making large unexplained deposits

...can potentially change the numbers your approval was based on.

Ask Before You Act

My advice?

Once you're working toward buying a home, ask before making a major financial move.

A quick conversation could save you from a very stressful problem later.

And this is exactly why I believe buyers need education before they ever get to the closing table.

Francine Mira | Mortgage Loan Originator
Mathewson Mortgage Capital LLC
NMLS #2603041
649 S Post Road, Shelby, NC
Cell: 828-429-8368
francine@mmcapitalllc.com

Francine Mira | REALTOR®
RE/MAX Journey
NC REALTOR® License #326076
121 Laurel Dr, Rutherfordton, NC 28139
Cell: 704-974-6460
francinemira@remax.net
francinemira@gmail.com

Each Office Independently Owned and Operated.

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