Written by Amanda Prudhomme
Getting pre-approved is a big step — and we’re always cheering when our clients hit that milestone. But here’s something most people don’t talk about: the window between pre-approval and closing is more fragile than it seems.
Your mortgage isn’t final until you sign on the dotted line. So to keep everything on track, here are a few key things to avoid (trust us, we’ve seen them all).
1. Don’t Make Any Big Purchases
We know it’s tempting — new home, new furniture, maybe a celebratory car upgrade? But putting large expenses on credit or dipping into savings can tip your debt ratios and raise red flags for lenders. Hold off on the big buys until after closing.
2. Don’t Change Jobs (If You Can Help It)
Even if it’s a better role or higher pay, a job change can pause your approval. Lenders want income consistency — especially if you’re moving to contract, probation, or self-employment. If a change is unavoidable, talk to us first so we can guide you.
3. Don’t Co-Sign Anything
Helping a family member buy a car or get a loan may seem harmless, but co-signing adds new financial obligations to your file. It can reduce your borrowing capacity or even jeopardize your approval entirely.
4. Don’t Open New Credit Accounts
Every new line of credit or financing application shows up on your report. Even a department store card or new phone plan can trigger a review of your file. When in doubt, check with us before signing anything new.
5. Don’t Miss Any Payments
It sounds simple, but even one missed payment — on a credit card, car loan, or utility bill — can impact your credit score right before final approval. Set reminders, automate payments, or check in with us if you’re worried about timing.
Our Advice? Stay Steady.
If you’ve been pre-approved, you’re in a great position — and we want to keep it that way. The best thing you can do now is stay the course. No big changes, no surprises. Keep things clean, consistent, and calm.
Have questions about a financial move you’re considering? Reach out. We’re here to help you avoid the speed bumps and get to the finish line feeling confident.
— The Loft Financial Team
