You have just gotten your offer accepted and your now thinking of new furniture and appliances. Your local furniture store will give you a $50 gift card when you open a new account with them. DON”T! Just prior to the actual closing date the lender will most likely take another look at your credit report. If they see that you have opened a new account it can delay the closing while they determine if this impacts your purchasing ability. Most often it results in a small delay but it has on occasion resulted in disqualifying the purchaser. The moral of the story: Don’t open up any new lines of credit before closing on your purchase.