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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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Lori Ross Doa
Michigan's Equestrian Real Estate Agent
Toll Free Phone: 866-783-2512
Cell or Text: 810-279-8609
Email: mihorsefarms@gmail.com

Jon  Sherman
Michigan Land and Homes Realty, Inc
3580 Casey Road
Metamora, MI  48455
810-599-4595

 

Lori Ross Doa, Equestrian Real Estate in| Michigan Land & Homes Realty
Serving Southeast Michigan 

Genesee, Oakland, Washtenaw, Lapeer, Livingston, Shiawassee, Ingham Counties
Phone: 866-783-2512 | Email: mihorsefarms@gmail.com

Lori Ross Doa
Michigan's Equestrian Real Estate Agent
Toll Free Phone: 866-783-2512
Cell or Text: 810-279-8609
Email: mihorsefarms@gmail.com

Jon  Sherman
Michigan Land and Homes Realty, Inc
3580 Casey Road
Metamora, MI  48455
810-599-4595

 
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