Buying a Home
What to Avoid Before Closing
Published 2026-07-31 · Last reviewed 2026-07-31 · Reviewed by Jim Lyddon, NMLS #2573609
Between preapproval and closing, your financial profile is re-verified. New debt, job changes, large unexplained deposits and moving money between accounts are the most common causes of last-minute problems on an otherwise clean Phoenix-area file.
What to know
- Do not open new credit accounts or finance a vehicle.
- Do not change jobs or income structure without telling your loan officer first.
- Do not make large undocumented deposits or cash transfers.
- Do not close existing accounts or pay off collections without guidance.
- Do tell Jim about anything unusual before it becomes a condition.
How Jim approaches this
Bring your specific numbers. General education gets you oriented, but the decision only becomes clear when it is run against your income, your cash position, the property you are considering and how long you plan to keep the loan. That conversation is free and does not require an application.
The information on this website is provided for general education only and does not constitute financial, tax or legal advice. Loan programs, guidelines and availability are subject to change and to borrower and property qualification.
JHL Mortgage, Inc. is an Equal Housing Opportunity lender. We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.