Back to Table of Contents

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.

Back to Table of Contents
Thomas Bechtel
Owner/Broker
211 W. Franklin St
Centerville, OH 45459
Phone: (937) 436-1234
Cell: (937) 313-6614

 

Contact Us









n/a

n/a









* fields are required

Thomas Bechtel 

Owner/Broker

Phone: 937.436.1234

Cell: 937.313.6614

tom@bechtelrealtors.com

 

Bechtel Realtors

211 W. Franklin St.

Centerville, OH 45459

Fax: 937.630.4500

www.bechtelrealtors.com