Buyers messing up a loan approval.

I just noticed this article from the daily real estate news from Realtor magazine.  I have seen buyers do each of these mistakes, so it certainly bears reprinting.

Making a big purchase:  Avoid making major purchases, like buying a new car or furniture, until after they close on the home. Big purchases could change the buyer’s debt-to-income ratio that the lender used to approve the buyer’s home loan and could throw the approval into jeopardy.

Opening new credit: Now isn’t the time to open up any new credit cards.

Missing any payments: Home buyers need to be extra vigilant about paying all their bills on time, even if they’re disputing one.

Cashing out: Avoid any transfers of large sums of money between your bank accounts or making any undocumented deposits — both of which could send up “red flags” to your buyer's lender.