It’s not over till
It’s not over till the fat lady sings, or in the case of your mortgage till your lawyer receives the funds. So just because you have received a file complete on the purchase of your new home, it does not mean that it is time to go on a shopping spree and go wild. The lenders continue to work on your file behind the scenes up until your closing date.
Any material change that you make from the date you received word that all your conditions were met until the closing date may in-fact effect your ability to close the transaction.
Here are a list of 10 things in no particular order of what NOT to do prior to closing on your new home.
- Don’t quit your job.
- Don’t suddenly become self employed
- Don’t commit a crime or get arrested
- Don’t finance your furniture
- Don’t finance a new vehicle
- Don’t get divorced
- Don’t go on a spending spree on your credit cards
- Don’t close any credit accounts
- Don’s apply for new credit
- Don’t increase the limits on existing cards
“Before you attempt to beat the odds, be sure you could survive the odds beating you.” Larry Kersten
Today I am thankful for a smooth closing, a starry sky during our morning walk and new applications that come in while I was asleep.
I look forward to hearing from you in regard to your mortgage needs.
Patrick
p.s- You can click on this link to start the process whenever you are ready. Schedule your meeting with me here.
p.s.s- I should tell you that I am licensed in Nova Scotia, Ontario(M18001555) & in British Columbia(BCFSA #504098).
p.s.s.s You can download my new mortgage app here
