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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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Wendy Nappier, Realtor® 
Exit Elite Realty

11928 Cherry Road
Fredericksburg, VA 22407
Phone: 540-993-5457

Email: wendywithexit@gmail.com

Certified Agent with Home Partners of America

https://www.homepartners.com

Wendy Nappier reviews

Wendy Nappier - Agent with EXIT Professional Real Estate

www.HUDHomeStore.com


 
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In all our dealings with Realtors over the years, we have never met anyone as helpful and energetic as you have been. Without hesitation, we would highly recommend your service to anyone who is looking for an experienced Realtor who cares about getting things done and doing them right! Thanks for taking such good care of us, we couldn't have done it without you! Nick and Tiffany B.
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