Closing on a house is a huge milestone in anyone’s life. There are many things to do to prepare for the big day, but there are also some things you should never do! In this blog post, we will list 10 things you should avoid doing before closing on your new home. By following these tips, you can ensure a smooth and stress-free closing process!

6 Things You Should Never Do Before Closing on a House

  1. Don’t change jobs. A new job may seem like a great way to increase your income, but it could actually jeopardize your closing. Lenders like to see stability in employment, so a new job may make them reconsider approving your loan. If you must change jobs, be sure to notify your lender as soon as possible.
  2. Don’t open any new lines of credit. Applying for a new credit card or loan can negatively impact your credit score, which could in turn delay or prevent your closing. If you need to open a new line of credit, be sure to do so after you’ve closed on your home.
  3. Don’t close any existing lines of credit. Closing an existing line of credit, such as a credit card, can also negatively impact your credit score. If you need to close a line of credit for any reason, be sure to do so after you’ve closed on your home.
  4. Don’t make any large deposits into your bank account. Lenders will want to know the source of any large deposits into your bank account, so it’s best to avoid making any major deposits before closing. If you need to deposit money, be sure to do so after you’ve closed on your home.
  5. Don’t buy any big-ticket items. Buying a new car or furniture before closing can put a strain on your finances and could delay your closing date. If you need to make a major purchase, it’s best to wait until after you’ve closed on your home.
  6. Don’t move any money around. Moving money from one bank account to another can be seen as suspicious activity by lenders, and could delay or prevent your closing. If you need to move money, be sure to do so after you’ve closed on your home.

By following these tips, you can ensure a smooth and stress-free closing on your new home! For more on what to expect on closing day, check out this article!