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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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Barbara Jenness

Barbara Jenness
Barbara B. Jenness, P.A.
Saint Augustine, FL 32084

904-823-0027
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Barbara Jenness | 904-823-0027 | Contact Me
203 Porpoise Point Drive - Saint Augustine, FL 32084
Copyright © 2018, All Rights Reserved


Barbara Jenness, ABR, e-PRO, GRI, TRC is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business.
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Barbara B. Jenness, P.A.

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Providing a superior level of informed, professional real estate services to buyers and sellers in the coastal areas of Northeast Florida including St. Johns County

(Ponte Vedra, St. Augustine, St. Augustine Beach, Vilano Beach, Porpoise Point, Crescent Beach), Duval County (Jacksonville Beach, Atlantic Beach, Neptune Beach), golf course & gated communities (Turtle Shores, Marsh Creek, Palencia & World Golf Village), the St. Johns River areas of Fruit Cove, Mandarin, Orangedale, & Palatka including foreclosures.
e-mail: Barbara@BarbaraJenness.com
Barbara B. Jenness, P.A., Licensed Real Estate Broker
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