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.
Susan M. Moon REALTOR®, ABR, CRS, GRI
TOMLINSON SOTHEBY'S INTERNATIONAL REALTY
200 Main Street Sandpoint, ID 83864 Cell 208-290-5037
WWW.SUSANMOON.COM Email: Susan@susanmoon.com
Both Jim and I wanted to write you a note to thank you for your fantastic service in helping us sell our ranch in Idaho. From the very beginning you were "on it" and very involved in ensuring that we were pricing and staging our unique home correctly. Your consistently upbeat advice and care enabled us to obtain a solid sale. After the sale you continued to act as our voice to the new buyers to ensure an easy transition for us.J & L