Jay Mattlin, Real Estate Broker with Key Realty

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August
16

You were approved for a mortgage. You put in an offer on your dream home, and it was accepted. You're just weeks (or days!) away from closing.

You're in the clear, right?

Wrong. Until you've closed on your mortgage, there are a number of financial mistakes you can make that could cost you your home.

So what, exactly, are those mistakes? A recent article from realtor.com outlined the money missteps that could put your mortgage in jeopardy, including:

  • Taking a leave of absence from work. Your job is a key element lenders use to determine whether you have the ability to pay back your loan. And, as such, it's important to stay at that job until you close on your home. Why? Because if you take a leave of absence — even if it's temporary — it could make the lender question your ability to cover your mortgage payments, which could cause them to delay or deny your loan. So, if you can, avoid taking a leave of absence from work. If it's unavoidable, just be prepared that it could impact your mortgage process.
  • Making big purchases. When you buy a new home, you may also be tempted to buy all the things you need for said home, like new furniture and appliances. But running up those charges on your credit card could change your debt-to-income ratio, and if they decide your new purchases put you into too much debt for their liking, your lender may change your interest rate, or rescind the mortgage offer completely. So, if you're buying a home, wait to make any big-ticket items until after closing.
  • Applying for new lines of credit. Applying for too many new lines of credit can make lenders think you're irresponsible with money or planning to max out your current credit limits, which could impact your ability to close on your home. Instead, wait until after you close to apply for any new credit cards.
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/17/2026. The listing information on this page last changed on 03/17/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 03/17/2026 12:21:48 AM EST) or MichRic (Michigan Regional Information Center) (last updated Mon 03/16/2026 11:17:19 PM EST) or Metrolist - RECOLORADO by MLSGRID (last updated Mon 03/16/2026 11:34:26 PM EST) or NIRA MLS (last updated Mon 03/16/2026 11:04:55 PM EST) or RealComp MLS (last updated Tue 03/17/2026 12:15:42 AM EST) or Dayton MLS (last updated Mon 03/16/2026 11:46:32 PM EST) or NORIS MLS (last updated Mon 03/16/2026 11:14:13 PM EST) or IRES MLS (last updated Tue 03/17/2026 12:17:01 AM EST) or Colorado Real Estate Network IDX (last updated Mon 03/16/2026 7:05:51 PM EST) or CBRMLS (last updated Tue 03/17/2026 12:19:26 AM EST) or Multiple Listing Service of Greater Cincinnati (last updated Mon 03/16/2026 11:53:38 PM EST) or Terrehaute MLS (last updated Tue 03/17/2026 12:16:30 AM EST) or Pikes Peak REALTORR Services Corp (last updated Tue 03/17/2026 12:15:11 AM EST) or Stellar MLS (last updated Tue 03/17/2026 12:13:39 AM EST) or NKY MLS (last updated Mon 03/16/2026 11:28:18 PM EST) or Wrist MLS (last updated Mon 03/16/2026 11:24:19 PM EST) or Firelands MLS (last updated Mon 03/16/2026 11:11:18 PM EST) or LCAR MLS (last updated Mon 03/16/2026 10:50:11 AM EST) or West Central MLS (last updated Mon 03/16/2026 9:50:01 PM EST) or Fort Myers (last updated Mon 03/16/2026 11:05:53 PM EST) or Aspen/Glenwood Springs MLS (last updated Mon 03/16/2026 9:30:39 PM EST) or Northern Nevada Regional MLS (last updated Tue 03/17/2026 12:16:39 AM EST) or MLS NOW (last updated Tue 03/17/2026 12:17:34 AM EST) or Northern Great Lakes Association of Realtors (last updated Tue 03/17/2026 12:19:13 AM EST) or Mansfield MLS (last updated Mon 03/16/2026 11:47:20 PM EST) or Metropolitan Indianapolis Board of Realtors (last updated Tue 03/17/2026 12:06:16 AM EST) or Grand Junction MLS (last updated Mon 03/16/2026 11:37:09 PM EST) or Knox County MLS (last updated Mon 03/16/2026 11:08:13 PM EST) or IRMLS (last updated Mon 03/16/2026 11:11:54 PM EST) or Pueblo MLS (last updated Mon 03/16/2026 11:43:57 PM EST) or Upper Peninsula MLS (last updated Mon 03/16/2026 11:10:08 PM EST) or Greater Lansing MLS (last updated Mon 03/16/2026 10:36:16 PM EST) or SEBAR MLS (last updated Mon 03/16/2026 11:39:19 PM EST) or Water Wonderland MLS (last updated Mon 03/16/2026 10:52:35 PM EST) or Eastern Upper Peninsula MLS (last updated Mon 03/16/2026 11:59:09 PM EST) or Scioto Valley MLS (last updated Mon 03/16/2026 10:02:35 PM EST) or Northern Michigan MLS (last updated Mon 03/16/2026 9:33:54 PM EST). Real estate listings held by brokerage firms other than Key Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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