What NOT to do after getting a pre-approval!
What NOT to Do After You Get a Pre-Approval
You’ve got your pre-approval… now don’t accidentally blow it up before closing
1. Don’t Take on New Debt or Close Current Debts
No:
- Car loans
- Credit cards
- Financing furniture or appliances
👉 Even small payments can reduce what you qualify for
2. Don’t Miss or Be Late on Payments
Your credit is still being watched.
👉 One missed payment can drop your score and affect your approval
3. Don’t Change Jobs (or Go Self-Employed)
Lenders like stability.
👉 A job change can delay or even cancel your approval
4. Don’t Move Money Around Randomly
Avoid:
- Large unexplained deposits
- Transferring money between accounts without a paper trail
👉 Lenders need to be able to verify where your money came from
5. Don’t Make Big Purchases
That “new couch for the new house” can wait.
👉 If it impacts your credit or savings, it impacts your approval
6. Don’t Lower Your Down Payment Funds
Keep your savings intact.
👉 Lenders will re-check before closing
7. Don’t Assume You’re Fully Approved
A pre-approval is a starting point, not the finish line.
👉 The lender will fully review everything once you have an accepted offer
8. Don’t Go Silent
If something changes:
- Income
- Job
- Credit
- Down payment
👉 Tell me right away so we can adjust before it becomes an issue
🔑 Bottom Line
Until you have keys in hand…
👉 Play it safe, stay consistent, and ask before making any big moves