Gord McCallum at First Foundation Mortgages sent us this list of What NOT to do before taking possession of your new home:
Don't quit your current job.
Don't do anything that will reduce your income (ie switch from full time to part time).
Don't apply for new loans or credit (including credit cards)
Don't close accounts with zero balance
Don't co-sign a loan or mortgage for someone else
Don't stop paying your bills
Don't spend the money you set aside for your down payment
Don't make large deposits into your accounts without documents supporting why the amount is being deposited.
Don't make any changes to your purchase contract without letting your lawyer and lender know.
