Your First Step Toward Buying a HomeWhen preparing to buy a home, the first thing many homebuyers do is look at the real estate ads in newspapers, magazines and listings on the Internet. Some
Why You Should Not Make Any Major Credit Purchases
Dated: December 12 2025
Views: 106
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.
Vicky Tarver
With decades of experience in real estate dating back to the 1980s, Vicky is a seasoned Realtor, builder, developer, marketer, and commercial construction expert. Her extensive knowledge spans from Au....
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