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After applying for a mortgage, maintaining financial consistency is crucial, advises Charlotte Lemon, a Realtor at Charleston Home. Avoid opening new credit lines or making significant purchases, even if it’s tempting to buy new furniture for your future home. Always consult your lender before any financial moves.
Things To Avoid After You Apply for a Mortgage
Some Highlights
- Once a lender has reviewed your finances as part of the homebuying process, you want to be as consistent as possible. Don’t make any big changes that could affect your mortgage application.
- Here are a few tips. Don’t change bank accounts or apply for new credit. And this one may surprise you, don’t buy appliances or furniture for your next home yet either.
- The best tip of all? Before you do anything financial in nature, talk to your lender first.
