What Not to Do When Closing on a House

When closing on a home, it's important to know what you need to do to safeguard the big day. Chinnapong/Shutterstock

Many people feel both excitement and stress when buying a home. Finding the ideal house is hard enough, but now comes the financing. There are so many details and ways to torpedo the deal.

When closing on a home, it’s important to know what you need to do to safeguard the big day. It’s equally important to know what not to do. A lot can go wrong, and it’s important to hedge your bet and not contribute to a failed closing.

Don’t Open a New Line of Credit

You don’t want to drastically change your credit before you close on a house. Lenders preapproved a mortgage based on your credit lines and finances that you had when submitting the loan application. Preapproval doesn’t mean final approval. If you change something in your finances, the lender can do so as well.