While you are in escrow to buy a home, you are going to be tempted to start buying things for your new property.
Don't do it!
Right before you are scheduled to close escrow, your lender is going to rerun your credit, look at how much debt you have, and look at your overall financial situation.
Buying big-ticket items like a new washer and dryer or stove and putting that purchase on a credit card could stop you from getting a loan.
You want to be careful with that because your lender will take into account your "debt to income ratio".
If your debt amount starts climbing up, that’s a red flag to the lender and they may deny your loan.
All big-ticket items need to be purchased AFTER you close escrow.
Once the deal is done it doesn't matter how much debt you rack up... it will not affect your home loan.
