If you are under contract for your Miami condo or Miami home, be smart, and don't buy anything big on credit until you close. Think of it this way, when you got pre-approved for your mortgage, your income to debt ratio was scrutinized carefully. If you change that ratio substantially, it could jeopardize the bank's ability to underwrite your loan.

It's sort of like baking a cake - you aren't going to turn the oven up or down in the middle of baking, are you? So be careful to keep a financial status quo during your home purchase. You'll sail through your closing and you can buy whatever you want once that deed is securely in your name.

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