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If you are about to buy a house, don't make major changes to your finances!
 
Thank you Coral Gundlach, this is great information for any buyer, anywhere!
I personally have had a deal fall through, just once, due to the buyer making purchases and going further into debt.  The buyer was deaf and while I did my best to communicate everything to him, I obviously hadn't warned him about making new purchases.  I don't know sign language, so our communication was either writing notes to each other or e-mail.
There are many things you should have on your mind.  One of the biggest ones is your money.  I tell buyer clients, after you are ratified and have loan approval "Do not make any major changes to your financial situation."   Can I get a new higher paying job?  Well yes, that is allowed.  But be prepared to prove it umpteen different ways.  The bank is not going to take your word for it.  And if you do anything with your money - tell your loan officer about it first, and make sure it's not going to blow your loan.
Don't open new lines of credit.  Don't be tempted to get that furniture discount at Macy's.  Just wait until after you've closed.  The lender will check your ... more

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