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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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Steven Proctor Broker Associate
Re/Max Masters Millennium
6020 Greenwood Plaza Blvd Ste 100
Greenwood Village, CO 80111
Phone: 303-549-1070
Ofc: 303-771-9400
Fax: 303-771-6944
Email: stevenproctor@remax.net
Web: stevenproctorrealestate.com

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ReMax Masters Steven Proctor, Greenwood Village CO Homes For Sale

Steven Proctor, Broker Associate, 

RE/MAX Masters Millennium

6020 Greenwood Plaza Blvd Ste 100, 

Greenwood Village, CO 80111

Ofc: 303-771-9400   Cell: 303-549-1070  stevenproctor@remax.net


Copyright 2014 © Steven Proctor, All Rights Reserved

 

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