05/22/2025
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All jokes aside, it's crucial that you don't make large purchases before closing on a home. Large purchases like a new car, expensive furniture, or even opening new credit accounts or co-signing on a loan can change your debt-to-income ratio or lower your credit score, both of which can impact your mortgage approval. To keep the path to homeownership smooth, itβs best to wait on major spending until after the closing is complete. And if you're unsure, ask your agent and loan officer!