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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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Lani Weirnick
RE/MAX Associates Northeast
2940 Oak Street
Kingwood, TX  77339
Phone: 281-348-3037
Email: weirnick@realtor.com
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Testimonials

"Lani is outstanding! We used her on our home purchase and again 3 years later on our home sale. Very professional, responsive and truly listens to her client's needs. Highly recommend!!!" B&L J.
"Lani Weirnick was very professional, knowledgeable and patient. She was great to work with and would recommend her to anyone I know looking to buy or sell." M & J L.
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