That's a bit extreme, isn't it? I mean, tires are basic safety—what did they expect, that you'd roll around on bald tires until closing day? 😂 Seriously though, lenders can be oddly particular sometimes. I get the caution, but there's a fine line between being careful and just plain nitpicky. Makes me wonder how many deals have fallen apart because someone bought groceries or paid their Netflix bill at the wrong time...
I always tell people to keep spending steady and predictable before closing, but life happens. If lenders are gonna scrutinize every little thing, maybe they should give clearer guidelines upfront instead of leaving folks guessing. Would probably save everyone some headaches.
"Makes me wonder how many deals have fallen apart because someone bought groceries or paid their Netflix bill at the wrong time..."
Haha, seriously! When we refinanced, I remember panicking because we replaced our broken fridge a week before closing. Thought we'd blown the whole thing... lenders definitely keep you on your toes.
Haha, I totally get that fridge panic. When we bought our first place, I remember obsessively checking my credit card statements, terrified that some random coffee run would tank our approval. Honestly though, lenders can be overly cautious sometimes—it's stressful but usually works out fine in the end. Still, it's wild how something as small as groceries or Netflix can feel like a huge risk when you're closing on a house...
Totally understand the anxiety around small purchases during closing, but honestly, lenders aren't usually sweating your Netflix subscription or grocery runs. They're mostly looking for big red flags—like sudden large purchases, new credit lines, or major shifts in your debt-to-income ratio.
If you're worried about it, here's a quick rundown of what actually matters:
1. **Avoid big-ticket items**: Hold off on furniture, appliances, or cars until after closing.
2. **Don't open new credit accounts**: Even store cards offering discounts can ding your credit temporarily.
3. **Keep your balances steady**: Don't suddenly max out your cards or drastically change spending habits.
4. **Maintain employment stability**: Don't switch jobs or quit right before closing if you can help it.
Small everyday expenses like coffee or streaming services typically won't move the needle enough to jeopardize your approval. I get the paranoia though—I remember triple-checking my balances daily when I bought my first place. But trust me, lenders have seen it all and they're mostly concerned with consistency and stability, not your latte habit...
"Small everyday expenses like coffee or streaming services typically won't move the needle enough to jeopardize your approval."
True, lenders aren't usually nitpicking over your Starbucks habit... but I've seen some borderline cases where even smaller purchases raised eyebrows. It depends a lot on how tight your debt-to-income ratio already is. Better safe than sorry—why risk it if you're already anxious? Maybe just stick to your usual spending patterns until you've got those keys in hand.
