Short Answer
To prepare your finances for closing, avoid making any major purchases, opening new credit accounts, or changing jobs. Keep your bank statements ready and respond quickly to any lender document requests. Confirm the exact amount you need to bring to closing and whether you will pay by wire transfer or cashier's check. Do not move money between accounts without telling your lender, as they will need to source and verify large deposits.
The weeks between offer acceptance and closing are critical for your financial stability. Lenders will verify your financial picture again before funding, including pulling your credit a second time and reviewing updated bank statements and pay stubs. To avoid issues, do not make any large purchases like a car, furniture, or appliances on credit. Do not open new credit cards or loans. Do not change jobs or quit your job. Do not make large cash deposits or move money between accounts without documenting the source. Keep all bank statements, pay stubs, and financial documents organized and accessible. Respond to lender requests within hours, not days. Confirm the exact amount you need to bring to closing and the accepted payment method. Most closings require a wire transfer, and you should verify wiring instructions directly with the closing agent by phone. The more organized and responsive you are, the smoother your closing will be.
Bob's Advice
Redfin Senior Agent · AI Certified Agent
I have seen deals fall apart because a buyer bought a new car or financed furniture between the offer and closing. Your lender will check your credit and finances again right before closing. Do not change anything. Keep your money where it is, do not take on new debt, and do not make any large financial moves. If you are unsure about something, call me first. I will tell you whether it is safe or if it could jeopardize your closing.
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