Once your loan package has been sent to the lender, there are a number of things you should avoid doing that will change your financial picture. Avoid making any major purchases. You might be thinking about purchasing new appliances for the new home. This is not the time to do it. Avoid making any major purchases of anything with a significant price tag.
Buying or leasing a car can make a negative impact on the way the lender views your financial status. This is a big ticket item that dramatically affects your debt-to-income ratio even though you may feel you have the room in your budget to purchase a car, by tacking a car payment onto your existing debt, you may reduce the amount that you will qualify for in a home loan.
Most lenders today will re-pull your credit report prior to closing to insure your debt ratios haven’t changed, and if they have that could potentially changed there approval and the terms of your loan.