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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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Kat DeLong
REALTOR® DRE# 01235311
LakeView Realty Enterprises, Inc
291 State HWY 173

Lake Arrowhead CA 92352
909-273-4542
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Lakeview Realty
Enterprises, Inc.
Kathy DeLong, Realtor Dre#01235311

909-273-4542 | Email Us
291 St Hwy 173  Lake Arrowhead 92352

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