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
agent photo
Lehmann Realty Co
Phone: 573-347-2368
Email: crickett@lehmannrealtyco.com

Contact Me





* fields are required

 

Lehmann Realty Co. Homes for sale in Lake of The Ozarks

Ruth Wolfe | Lehmann Realty | 573-347-2368 | Email Lehmann Realty Co.
PO Box 44;  Climax Springs;  MO;  65324

Copyright 2014 © Lehmann Realty Co. All Rights Reserved - Licensed in Missouri