How to avoid costly mistakes before you have keys in hand

 Many homebuyers do not realize that even with an approved mortgage and after meeting the  necessary financing conditions, they are not guaranteed a loan until it has funded on the  closing date.

There are several things to consider to ensure a mortgage closes smoothly, and on time.

The first thing is avoiding the need to take on additional credit. While it may be tempting to load up on new furniture and appliances, do not apply for a loan to buy them. Even an interest-free, no-payment loan can affect whether someone qualifies for a mortgage. Wait until you have the keys to your new house before borrowing money.