Welcome or Register
Back to Table of Contents

Why You Should Not Make Any Major Credit Purchases

Don’t go on a spending spree using credit if you are thinking about buying a home, or in the process of buying a new home. Your mortgage pre-approval is subject to a final evaluation of your financial situation.

Every $100 you pay per month on a credit payment could cost you about $10,000 in home eligibility. For example, a car payment of $300/month could mean that you qualify for $30,000 less in a mortgage.

Even if you have accumulated enough savings, you should consider not making any large purchases until after closing. The last thing you want is to know that you could have purchased a new home had you curbed the urge to spend.

Back to Table of Contents

Testimonials

Thank you for being a great agent and helping us get here - into the right house - and the coolest house - we think - in the hills... It's fantastic to be here...We are really excited to start our journey here in the hills...All our best. Jim and Kim Jim and Kim - Recent Hide-A-Way Hills New Members
Hi Belinda, Wow I really like it here! I'm very glad I bought this house. The kids love it! Eric Borchers, Recent Hide-A-Way Hills New Member
View All

e-PROEqual Housing OpportunityMLS membershipRSPS - Resort and Second Home Specialist (logo 1)NAR Green