Key Takeaways
- The most common closing killers are self-inflicted: new debt, job changes, and unexplained deposits.
- Don’t finance a car or open credit cards while your loan is in process.
- Keep your income and accounts steady until you have the keys.
- Fast document responses keep you on schedule.
Most closing delays aren’t the lender’s fault — they’re avoidable mistakes buyers make after they’re approved. Here’s what to steer clear of.
What delays a mortgage closing?
Opening new credit, financing a big purchase, changing jobs, large unexplained deposits, or slow responses to document requests. Underwriters re-verify your file right before closing, so late changes can undo your approval.
What should you not do before closing?
Don’t buy a car, don’t open or close credit accounts, don’t move large sums between accounts without a clear paper trail, and don’t change jobs if you can avoid it.
How do you ensure a smooth closing?
Respond quickly to your loan officer, keep your finances boring and steady, and ask before making any big money move. When in doubt, check with me first — one text can save your closing.
Frequently Asked Questions
Can I buy a car before closing on a house?
It’s risky — new debt changes your debt-to-income ratio and can jeopardize your approval. Wait until after closing.
Will changing jobs affect my mortgage?
It can. A job change — especially to a new field or to self-employment — may require re-verification and can delay closing.
Why do lenders re-check my credit before closing?
To confirm nothing changed since approval. New debt or missed payments can alter or cancel your loan.
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