No Major Credit Purchases Before You Buy a Home

Posted on: May 2nd, 2011 by admin No Comments

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 your 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.

News and Highlights

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    Pre-leasing for August 1, 2011 at Dennis Drive — College Park Cottages. To view this house, call Bob 706-215-6848!

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    Getting the Highest Price in the Shortest Time

    The better you market your home, the more offers you will get. And the more offers you get, the more choices you have.

  • 18May

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Testimonials

Chris and Krista Vanderpool


Bob, Krista and I would like to say thanks for all the time, patience and unmatched service you provided to us during the search for our new home. We enjoyed the fact that you were knowledgeable and upfront about every aspect of real estate along with mortgages. You always made time for our schedule and […]

Meet Bob Allen

Bob Allen is a licensed REALTOR® in Athens, Georgia, helping home buyers and sellers in Clarke County and the surrounding areas. Whether you’re looking to buy or sell your home, Bob offers courteous, personalized assistance…

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