I just heard a horror story recently from another agent that had a deal fall apart at the last minute. What happened was while the buyers were under contract to buy their new dream home, they went out and bought a new truck. What a mistake! Their bank did a final credit check before issuing the loan and lo and behold their credit rating and ratio’s had totally changed. Enough so that they were denied the loan. No loan, no home, and most likely no return of their earnest money, although that could end up in some sort of court battle in the worst case scenario.
So you get the picture. If you are buying a house avoid financing those big ticket items you may want until after the closing on your new home.