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.
Shane and Dianne Sweeney Sweeney & Associates
1320 Stone Bridge Drive Suite C
Ada, OK 74820
OFFICE (580) 421-9911
FAX (580) 421-9111
"Angela, we want to thank you for all the time, energy and your successful efforts to get our Kirby house sold. We have lots of nice memories of our years there and are now focusing on new memories and our life here. We're sure we'll contact you in the feature when and if we get ready to sell our house here. Also, thank you for the SanteFe gift card, We just, this week, finished spending the remaining balance for our 47th-anniversary dinner!"Vickie & Terry Ragsdale