Buyer Don’ts


A time to hold off on major purchases or lifestyle changes that could adversely impact your finances, your credit, or the interest rate approved for your new mortgage.

Don’t apply for a new credit card or line of credit; it can convey to credit bureaus and your lender that you’re over-reliant on borrowing money.

  • Don’t make any large purchases, like a car, or new furnishings for your home.
  • Don’t max out your existing credit limit.
  • Don’t quit or change jobs without telling your loan officer first.
  • Don’t make any large deposits or withdrawals from your bank accounts.

Don’t worry – these suggestions are only temporary. Significant spending and banking behavior requires that we “follow the paper trail” and may result in you having to submit more or updated bank and/or account statements. Waiting until the close of your mortgage process means facilitating the move into your new home more quickly and seamlessly.