After You’re Pre-approved
Getting pre-approved is a really important first step in getting into your dream home. But there are a few other measures to take to help make the loan closing process run smoothly. See the list below for some useful tips for this stage of the home buying experience.
- Keep your financial situation consistent to help avoid financing delays
- Keep working at your current employer
- Stay at your current residence
- Continue to use your credit cards as usual and stay current on payments
- Stick with your existing bank accounts
- Postpone buying furniture or any other major purchases, like a vehicle
- Set aside enough money to pay for closing costs
- Hold off on taking out a new loan or co-signing a loan for anyone
- Provide clear documentation and a paper trail if making any unusually large withdrawals or deposits
- Contact your mortgage advisor right away if your financial situation changes