5 Things That Can Kill Your Loan Before Closing (And How to Avoid It)
This Happens More Than You Think…
You’re under contract. Everything is going great…
…and then something small derails the entire deal.
Let’s make sure that doesn’t happen to you.
🚫 1. Changing Jobs
Even if it seems like a “better opportunity”…
👉 It can delay or completely restart your loan.
🚫 2. Opening New Credit
That new couch, credit card, or “12 months no interest” deal?
👉 It can impact your debt-to-income ratio instantly.
🚫 3. Large Deposits Without Documentation
Lenders need to source your funds.
Random large deposits = 🚩
🚫 4. Missing Payments
Even one late payment can hurt your approval.
🚫 5. Buying Big-Ticket Items Before Closing
Cars. Furniture. Appliances.
👉 Wait until AFTER closing day.
What We Tell Our Clients at TLP
When you're under contract:
👉 Don’t make any major financial moves without checking first.
We’re here to protect your deal, not just process it.
What You Should Do Next
Save this list. Seriously.
It could be the difference between closing… or starting over.
