11/02/2026
📌 Mortgage Tip Monday: Keep Your Finances Steady Before Closing! 🏡
You’ve found your dream home, your offer has been accepted, and your mortgage is moving forward. Now is not the time to make major financial changes!
💡 Did you know your lender may review your financial situation again before your mortgage funds?
Here are a few things to avoid before closing:
🚗 Taking out a new car loan – A new monthly payment can affect how much you qualify to borrow.
💳 Opening new credit cards – Additional credit obligations can impact your debt ratios and mortgage approval.
🛍️ Making large purchases on credit – New balances and monthly payments can change your financial picture.
💼 Changing jobs or employment status – Changes to your income or employment may affect your lender’s assessment.
💰 Moving money around without documentation – Be prepared to explain large deposits or transfers if your lender requests it.
🏡 The bottom line? Keep your finances as stable as possible until your mortgage has officially closed and funded.
👉 Pro Tip: If you're considering a major purchase or financial change before closing, talk to your mortgage professional first. It's always better to check before making a move!
Matteo Saccomanno & Delia Addessi
Realtors & Mortgage Professionals
780-266-1166 I 780-908-9369
www.MetroYEG.ca
MetroYEG Realty & Mortgage Team
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