When lenders review your application, they like to see consistency in your finances
- Do not make major purchases like furniture, appliances, jewelry, vehicles or vacations.
- Don’t change or quit your job.
- Consult with your mortgage professional before withdrawing, depositing or moving large amounts of money in or out of your bank account.
- Do not pay off debt or collections (unless instructed to do so by a mortgage professional).
- Avoid using cash for a good-faith deposit — cash is difficult to verify and could result in a closing delay.
- Don’t have your credit report pulled too many times — this can hurt your credit score.