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

Active Listings

Single Family Home For Sale: 9861 W Doyle Drive

$959,900 For Sale

9861 W Doyle Drive
Mecosta, MI 49332

3 beds, 3 baths | Single Family Home
2,524 sq ft; lot: 0.57 acres

Save Unsave View Details

Single Family Home For Sale: 7808 W Royal

$249,900 For Sale

7808 W Royal
Canadian Lakes, MI 49346

3 beds, 1 bath | Single Family Home
1,122 sq ft; lot: 11326 sq ft lot

Save Unsave View Details

View All

Contact Me

Name:*

Phone Number:

Email Address:

Best time to contact you:

Comments/Questions:

* fields are required

Coldwell Banker^® and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. Smoyle Inc. DBA/Coldwell Banker Lakes Realty fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to Coldwell Banker Real Estate LLC nor any of its affiliated companies.