Back to Table of Contents

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
Sally Aubin REALTOR® EMERITUS - ABR, CIPS, GRI, LTG, PMN
915 591-5277
10637 CANDLEWOOD AVE 
EL PASO, TX 79935 
(915) 591-5277 Office 
(915 )590-0250 Fax 
Email: sally@sallyaubin.com 
agent photo

Testimonials

In all our dealings with Realtors over the past ten years, we have never met anyone as kind, helpful and energetic as you have been. Without hesitation, we would highly recommend your service to anyone who is looking for an experienced, caring Realtor who gets things done! Thanks for taking such good care of us! Bryan & Yvonne Carpenter, EL PASO, Texas
Thank you SALLY so much for taking the extra effort to make our first home purchase successful. You were there guiding us through all the crucial and important steps! The McGinnis Family, EL PASO, Texas
View All