What Happens Between Mortgage Approval and Closing? | Harpreet Sekhon – INDI Mortgage
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What Happens Between Mortgage Approval and Closing?

Please Don't Celebrate Your Approval by Financing a New Truck.

Harpreet’s perspective

Real questions. Real properties. Real numbers.

You got the mortgage approval. Fantastic. But we're not at the finish line yet.

Between approval and closing, lender conditions may still need to be satisfied. Documents may need to be provided. The lawyer needs instructions and funds. Down payment and closing costs need to be verified as required.

Keep Me Updated Before Big Changes

And please: don't suddenly change your financial life without talking to me. New car loan? Call me. Changed jobs? Call me. Large unexplained deposit? Tell me. Decided to open five new credit cards because the points looked amazing? Maybe call me before doing that.

Boring Is Beautiful

Changes to your income, debts, credit or down-payment situation can potentially affect financing. The period between approval and closing should be boring. Boring is beautiful.

Give the lender what they need, keep me updated and let us get the keys into your hand before introducing exciting new financial decisions.

General information

Bring the details before you make the decision.

These articles are for general educational and informational purposes only. They are not financial, investment, legal, tax, appraisal, construction, or real-estate advice. Qualification, rates, lender policies, property requirements, and financing options vary by borrower, property, lender, and transaction and remain subject to applicable approvals and requirements.

A practical next step

Let’s talk through your situation.

Bring the property, question, or idea. We can look at the mortgage strategy and the bigger picture together.

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