|
|
|
| |
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 your 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 considering not making any large purchases until after closing. The last thing you want is to know that you could have purchase a new home had you curbed the urge to spend.
Even if you have accumated enough savings, you should considering not making any large purchases until after closing. The last thing you want is to know that you could have purchase a new home had you curbed the urge to spend.
| |
[ Back To Buyer Tips ]
|
*Savings based on statistics since 1/1/2000 for all Assist-2-Sell Offices compared to paying 6%. *Fees vary for homes over $300,000. Any comparisons to a percentage commission, such as 6%, are for illustration and comparison purposes only. Commissions are negotiable and not set by law. The information herein is deemed to be accurate, but not guaranteed. All information to be verified. Each Office Independently Owned and Operated.
Website design and hosting by iHOUSE ®
|
|
