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5 Things Not to Do During the Closing Process




The closing process is one of the most important steps in a real estate transaction, yet it's also one of the most confusing and stressful for buyers. Here are five things not to do during this critical time. We have learned these valuable tips from the great lenders we work with and thought you would find them useful.

#1 Change Marital Status

Your marital status affects how you hold title to your home. Make sure to tell your lender and the title company if there are any changes in your marital status so that the documents can be prepared correctly.

#2 Change Jobs

If you change jobs, your loan may be denied or delayed. This is especially likely if you are taking a lower-paying job or moving to a different field. Even if your new job seems secure, the lender may still call your employer to check on your employment.

#3 Switch Banks or Move Funds to Another Institution

After the lender has verified that you have enough money, the money should stay in that account(s) until you need it to buy the house. Verifying your funds to close is vital in the loan process with your lender. 

#4 Paying Off Existing Accounts Unless Your Lender Requests It

If your Loan Officer tells you to pay off some bills so you can qualify for a loan, do it. If they tell you to leave your accounts alone, do that until your escrow closes.

#5 Make Any Large Purchases

If you make a major purchase that requires you to take money out of your savings account or increase your debt, you might not be able to get the loan. This affects the debt ratio the lender reviews as part of your qualifying process. Your lender might check your credit or re-verify your savings at the last minute, so avoid making any purchases that could impact your loan approval.



The closing process is one of the most important times in a real estate transaction. By following these five tips, you can avoid common mistakes and help ensure a smooth closing.