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


Already registered? Login
*Contact Information NOT Shared*


CLICK HERE
to Download a Real Estate Buyer's Kit

agent photo

John & Edie Miller
"Service Before Self"
Call or Text: 530-913-0150
Email: emiller@interonevadacounty.com
CAL BRE# 01835167

Contact







* fields are required

Quick Search


view all


Any

Any

No Min.

No Max.