Maryalice Ryan
Maryalice Ryan
(908) 917-5801
maryaliceryan@comcast.net

Coldwell Banker Residential Brokerage
209 Central Avenue
Westfield, NJ 07090
Direct Line: 908-928-9121
Cell: 908-917-5801
Fax: 908-233-8780

Westfield, New Jersey Area Real-Estate


Buyer Tips

  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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