Common Mistakes That Delay Closing

Nothing is more frustrating than a delayed closing. Here are the top mistakes to avoid.

1. Making Large Purchases

   Don't buy a new car or furniture before closing. Large purchases affect your debt-to-income ratio.

   
   

2. Changing Jobs

   Lenders verify employment right before closing. A job change can derail your approval.

   
   

3. Opening New Credit Accounts

   New credit inquiries and accounts can lower your score and raise red flags.

   
   

4. Missing Documents

   Provide all requested documents promptly. Missing paperwork is a leading cause of delays.

   
   

5. Large Cash Deposits

   Unexplained deposits can trigger additional verification requirements. Always document the source of funds.