Buying a home is exciting—but the final stretch matters a lot. One small financial move can affect your closing timeline. Here’s what every buyer should know:
🔍 Lenders May Re-Check Your Credit
Many lenders run a final credit check up to 30 days before closing. This is a standard step to confirm nothing has changed since your loan was approved.
💳 New Debt Can Raise Red Flags
Opening a new credit card, financing furniture, or buying a car can:
- Increase your debt-to-income ratio
- Change your loan terms
- Delay—or even jeopardize—your closing
⏰ Missed or Late Payments Matter
Even one missed payment (credit cards, loans, or bills) can:
- Lower your credit score
- Trigger lender concerns
- Require extra documentation or review
🧾 Job or Income Changes Can Affect Approval
Changing jobs, work hours, or pay structure before closing may require:
- New employment verification
- Updated income calculations
- Additional underwriting review
✅ How to Stay on Track
Until your keys are in hand:
- Avoid large purchases
- Don’t open or close credit accounts
- Pay all bills on time
- Talk to your lender before making financial changes
🤝 We’re Here to Guide You
Whether you’re buying your first home, selling, or just exploring your options, CARE Group is here to walk you through every step—no surprises, no guesswork.
📞 Call us at (503) 453-9537
Let’s keep your homeownership journey smooth and stress-free.