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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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Pam Bates, Executive Broker
Southern Realty of Hot Springs, Inc
Hot Springs, AR 71901

501-321-2025
Email Me

Travis Brown, Principal Broker
501-617-1319
Email Me

 

 Southern Realty of Hot Springs, Inc.

1603 Central Ave

Hot Springs, AR 71901

501-321-2025 office

501-321-2884 fax

                     

Pamela Bates

Executive Broker, REALTOR®

 EB00044089

 501-321-2025

 southernrealtyhs@att.net

Travis Brown

Principal Broker, REALTOR®

PB00058433

 501-617-1319

 tlbrown6657@yahoo.com