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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.

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Thelma "TD"  Dawson
Associate Broker, ABR,CRS,GRI,MRP
Cell: (256) 679-4444
Office: (256) 837-9911
Re/Max Unlimited
37 Hughes Road
Madison, AL 35758
Email: thelmadawsonteam@gmail.com
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Testimonials

Team of very caring people. Very knowledgeable, Know their business Nita Cook
Thelma is wonderful! Great to work with both professionally and personally. She makes the process as smooth and efficient as possible, she does her absolute best to find you the perfect fit when searching for a home. Beth Lambreht