Why Small Financial Changes Can Delay Your Closing
As closing day approaches, many homebuyers assume the mortgage process is nearly complete. While that is often true, lenders may continue reviewing your financial information until the final approval is issued. Even small changes to your finances can create new questions, require additional documentation, and potentially delay your closing. Knowing what to avoid can help keep your home purchase on track. New Credit Can Create New QuestionsOpening a new credit card, financing furniture, or applying for a store account may seem harmless, but new credit can affect your mortgage file. Lenders may need to review the new account, calculate the…