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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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Cheryl Foote
Broker Associate

Steamboat Sotheby's International Realty
610 Marketplace Plaza Suite100
Steamboat Springs, CO 80487
Cell: (970) 846-6444
Office: (970) 879-8100 
Email: cheryl@cherylfoote.com

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Cheryl Foote
Broker Associate
Steamboat Sotheby's International Realty

610 Marketplace Plaza Suite100
Steamboat Springs, CO 80487
Cell: (970) 846-6444
Office: (970) 879-8100 
Email: cheryl@cherylfoote.com





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Please take a moment to REGISTER here, and I can address your personal real estate needs today and in the future. Shop around for Steamboat Real Estate, save your searches, and give me a call or send me an email to discuss your needs.

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