It is incredibly easy to mismanage funds or your alter credit and doing so during the loan and escrow period can greatly impact your both your borrowing costs and can even keep you from funding the loan in some cases.

Don’t apply for a new Credit Card!

Don‘t apply for any unsecured debt if possible during the loan and escrow period.

Don’t go furnish the home before you own it!

Nothing is set in stone until close of escrow. Do not make plans that cannot be cancelled if the deal fails to close.

Don’t buy a new Car!

Changes to your credit score of even a few points can mean thousands in fees.

Avoid Changing jobs!

Lenders are looking for job security. That new opportunity may need to wait.

Don’t close any Credit Accounts!

Always leave open credit available to you. this is part of your overall score.

Don’t get behind on Payments!

Make sure you stay on top of your credit card and rent payments.

Don’t Move Money Without A Paper Trail!

You will need to provide your lender documentation of your finances.

Don’t Spend Your Savings!

Your lender will want to see that you have something set aside for arainy day.