Point South Group

WHY YOU SHOULD NOT MAKE ANY MAJOR CREDIT PURCHASES

Posted by realistiQ Support on October 09, 2017 in  Resources  Tips for Buyers
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 ... read more
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