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
Pam Ceder
Realtor / Associate Broker
Sine & Monaghan Real Living 
4181 Pointe Tremble Rd
Algonac Mi, 48001
Phone: (810)-278-0150
Fax:(810)-794-1150
cedersellshomes@gmail.com
www.pamceder.com
Facebook: Pam Ceder Realtor
 

Contact Me





* fields are required

Your footer content goes here.

Footer Column One - Your footer content goes here.

Footer Column Two - Your footer content goes here.

Footer Column Three - Your footer content goes here.

Real Estate Websites by iHOUSEweb iconiHOUSEweb | Admin Menu