How to Avoid Fireworks Before Your Closing

In the spirit of the 4th I am sharing how to avoid fireworks before your home purchase in Virginia or Maryland. 



Buying a home has become an exciting yet stressful time when using mortgage financing.  FHA loans, VA loans, and Conventional loans all have different guidelines to follow, but here are the things to do to avoid the fireworks before closing:


  1. Do not transfer or deposit large sums of money into your bank account without being able to source the funds.
  2.  Do not send what you think will suffice for loan approval conditions.  For instance, if you are receiving a gift and it requires a copy of the donor's cancelled check don't send the copy of the check from your bank instead.
  3. Do not max out or charge new purchases for the home on your credit card until after closing.  Many lenders repull credit right before closing and using revolving accounts (credit cards) too much can severly hurt your credit score.


I know you want to furnish your new home, but please wait until after the closing.

 Buying a home in Woodbridge, VA does not have to be stressful as long as you play by the rules.  Contact your Woodbridge Mortgage Lender for a free consultation and learn how to avoid fireworks before closing. 

Contact Markita Aldridge-Woods at (703) 929-2274 or via email for custom tailored mortgage solutions.

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Comment balloon 20 commentsMarkita Woods NMLS#196099 • July 06 2012 08:10PM


Very good advice!  I had a buyer quit his job a week before closing was supposed to happen.  Guess who didn't close??      

Posted by Amanda Christiansen, Christiansen Group Realty (Christiansen Group Realty (260)704-0843) almost 7 years ago

Markita-good advice for anyone who is getting a loan.  Don't start buying new things for your home until you have closed!

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) almost 7 years ago

Yes, that final credit re-check can be a very tricky thing.

Posted by Vanessa Saunders, From Manhattan to the Catskills of New York (Global Property Systems Real Estate) almost 7 years ago

Bears repeating over and over as this is still happening frequently. I just worked on one several months ago that fizzled

Posted by Richie Alan Naggar, agent & author (people first...then business Ran Right Realty ) almost 7 years ago

Markita, good points for anyone getting ready to close. Loan approval doesn't mean to start spending.

Posted by Michael Setunsky, Your Commercial Real Estate Link to Northern VA almost 7 years ago

And this is exactly why we rely almost exclusively on title companies.  Stay out of the banking business and stick with what you do best which is, real estate.

Posted by Chris and Dick Dovorany, Broker/Associate at Premiere Plus Realty ( Homes for Sale in Naples, Bonita Springs and Estero, Florida) almost 7 years ago
Marktia, great advice! No matter how many times buyers hear this advice it is still worth repeating again.
Posted by David Perry (Wainwright Real Estate) almost 7 years ago

Great advice and important info to remember. 

Posted by David Krichmar, ( - Legend Lending) almost 7 years ago
Great advice! I provide a list of things to remember just in case their lender doesn't ;))
Posted by Wendy Timmons, Temecula Realtor (Move Home Realty ) almost 7 years ago

4. DO NOT BUY A FREAKING CAR BEFORE CLOSING. SAY IT WITH ME NEW HOME BUYERS: DO NOT BUY A FREAKING CAR BEFORE CLOSING. Sorry this just happened to one of my clients former clients three days ago. That's all. Oh congratulations Sis on the Featured blog. Have a great weekend. 

Posted by Lanre-"THE REAL ESTATE FARMER" Folayan, I don't make promises.I deliver results.SOLD HOMES (Keller Williams Select Realtors-Buy a home in Washington DC. Sell a home in Washington DC) almost 7 years ago

Markita, lots of small land mines that could delays in closing, thanks for the list, its been a while since I've had to think about paper trails. Thanks for the reminders. 

Posted by Adrian Willanger, Profit from my two decades of experience (206 909-7536 almost 7 years ago

Markita:  Who of us hasn't suffered through the stress of antsy, over-zealous buyers?  I get it ... and that they want to be prepared and outfit their new home.  But they need to wait.  I always tell them to not even sneeze without asking me first.   There's always that one that doesn't listen and then pays the price ...

Hopefully your readers follow your sound advice ...


PS:  Hope you had a great 4th!

Posted by Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience (NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656) almost 7 years ago

Markita - good solid advise!  Congratulations on the feature and gold star!  Enjoy the weekend.

Posted by Barbara Hensley, Homes for Sale in Rockwall County, Texas (RE/MAX Properties) almost 7 years ago

Markita, these are all mistakes that our clients make and become unable to purchase. I try to counsel my clients not to do many of these things but sometimes they do not listen.

Posted by Mike Frazier, Northwest Tennessee Realtor (Carousel Realty of Dyer County) almost 7 years ago
Great information everyone should reference.
Posted by Kevin Mackessy, Dedicated. Qualified. Local. (Blue Olive Properties, LLC) almost 7 years ago

Markita, nice way of tieing up sound advice with 4th July fireworks....

Love the tips to the buyers....

Posted by Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale (LAER Realty Partners) almost 7 years ago
Thanks for sharing these great tips. I love the title to your post.
Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) almost 7 years ago

I just had a friend buy a car 2 weeks before their refi closed AFTER I told them not to do it.  Guess what happened?

Posted by Justin Dibbs, REALTOR® - Ashburn Virginia Homes for Sale (Pearson Smith Realty) almost 7 years ago

Excellent article with a catchy title.

Posted by Brian Dela Cruz ( almost 7 years ago

Markita -- timely advice for homebuyers especially first time homebuyers who often feel the need to quickly furnish their new home before they have closed the transaction.  Yikes!   

Posted by Michael Jacobs, Los Angeles Pasadena 818.516.4393 over 6 years ago