Some Highlights

Once a lender has reviewed your finances and you’ve been pre-approved for a mortgage, maintaining financial consistency becomes essential throughout the homebuying process. The goal is to ensure there are no unexpected changes that could impact your loan approval.

Here are a few helpful tips to keep you on the right path:

• Avoid opening new credit accounts or making large purchases — even for things like furniture or appliances for your new home. These actions can temporarily lower your credit score or alter your debt-to-income ratio.

• Steer clear of switching bank accounts or making significant transfers between accounts unless you've discussed it with your lender. These changes can raise red flags during the underwriting process.

• One of the best pieces of advice? Before making any financial decisions, no matter how small they may seem, check in with your lender. Staying in close communication ensures you’re not unintentionally jeopardizing your loan approval.

Following these proactive steps can help you stay financially prepared and confident as you move closer to closing on your dream home.

If you have any questions or need guidance during your homebuying journey, don’t hesitate to contact Mike Panza and the team at Panza Home Group. They’re here to help! Learn more or get in touch here: https://panzarealestate.com/team/mike-panza.