4 Things To Stop Doing As Soon As You're Pre-Approved

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1. Don't use your credit cards past 30% of your available balance: Doing this can affect your credit score in a negative way. Depending on how long it takes to find a home, your credit may need to be pulled up again.
2. Don't make large deposits in your bank account that can't be easily sourced: Large deposits (other than salary) are red flags and they need to be sourced. Your lender will want to know where any large deposits came from.
3. Don't switch jobs: Avoid switching jobs if possible; consistent income is important when getting approved for a loan.
4. Stop making large purchases: When a lender pulls up your credit, they are looking at the ratio between your liabilities and your income. If your liabilities increase, there is a chance that the amount you are pre-approved for will decrease.