Congratulations you are pre-approved and maybe even have an conditionally accepted offer on a home that you have always wanted. To ensure there are no bumps in the road and that your transaction runs as smoothly as possibly, you will want to ensure you do and don’t do the following;
DO
- Maintain your current financial situation
- Provide all information as requested from your Mortgage Broker or Mortgage Specialist
- Meet your conditions in the time frame as agreed upon in your Agreement of Purchase and Sale
DON’T
- Change your employment or quit your job
- Become self employed
- Make any major purchases like a vehicle
- Make buy anything you do not need. Especially on a credit card.
- Omit any debt or loan information when filling out application for your mortgage
- Buy furniture or appliances for your new home until you have closed on the property and have the keys in hand.
- Change banks or apply of new credit
- Co-sign for a loan for anyone
