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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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Just4Heroes Team
RealtyOne and Associates

17054 S. Oak Park Ave
Tinley Park, IL 60477
Phone: 844-462-HERO
Email: rich.carlino@realty1pros.com

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RealtyOne & Associates has been committed to delivering a high-level of expertise, customer service, and attention to detail to the marketing and sales of luxury real estate, and rental properties for over 15 years.

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17054 S. Oak Park Ave, Tinley Park, IL 60477

844-462-HERO

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