Nancy Petersen
|
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
DON'T MISS A NEW LISTING AGAIN! Register Now FREE AUTOMATED EMAIL UPDATES |
Nancy Petersen
|
Nancy Petersen | Iowa Great Lakes MLS
Direct: 712-209-0760 | Office & Fax: 712-362-2220 | Contact Me
221 Central Ave - Estherville, IA 51334
Copyright © 2017, All Rights Reserved
©2024, Iowa Great Lakes Board of REALTORS® (Spirit Lake MLS). All rights reserved.
Based on information from the Iowa Great Lakes Board of REALTORS. Information is provided by Nancy Petersen Real Estate for consumers personal, non-consumer use. Information deemed reliable but not guaranteed.
Information last updated on 2024-03-28 17:30:07.