Home arrow Buyers arrow Don't make major credit purchases

Don't make major credit purchases

Print E-mail

Don't make major credit purchasesIt's important not to make any major credit purchases if you are planning on buying a home soon. Any monthly payments you are making will decrease the size of loan you qualify for by a ratio of about 100:1.

Let's say you have a new car payment of $350/mo. The amount of money you are qualified to borrow from most lenders will be about $35,000 less (100 x $350) than what you might have been able to borrow without that car loan. The same goes for consumer spending like credit cards, department store cards, etc.

In general, it's best to pay cash for items you need and keep your monthly credit payments low.


Quick Contact Form
First
Last
Phone
Email
Do you want to receive my newsletter?
Comments or Questions?
Buying or Selling
Buying Selling
required field = Required
 

Cool Quotes

"What great achievement has been performed by the one who told you it couldn't be done?"
~Melvin Chapman
 

Testimonials

“Molly works extremely hard for her clients. She uses all of her experience and knowledge to help make the very best deal for her sellers and buyers. Her relationship with her clients becomes a friendship that goes on way beyond the close of escrow.”
Bill Roscoe

 

Molly's Property Report

Mail Format:

Featured Listings


Over 1400 sq ft for $91,000.
Over 1400 sq ft for $91,000. This is a short sale. Home is in good condition located minutes from Caldwell shopping. Read more...


Eagle home just minutes from State Street.
Eagle home just minutes from State Street. This home boosts all the amenities. For starters 2x6 construction with upgraded insulation. The home feels brand new yet comes with a fully landscaped yard complete with trees/shrubs, plus blinds are already there. Master suite is located on the main floo Read more...

mlc_logo.jpg





Loan Calculator

How much will it cost? Do a quick check.
Loan Amount:
$
Interest Rate:
   %pa
Term of Loan:
   Yrs


Monthly Repayments:
$

Nampa, ID Weather

Mostly Sunny Today: Mostly Sunny
59°F | 33°F
Partly Sunny, Probability Of Precipitation: 20% Tomorrow: Partly Sunny
64°F | 39°F
Mostly Cloudy Wednesday: Mostly Cloudy
60°F | 33°F
Current Conditions:
This observation is more than 8 hours old
Fair
Fair
50.0°F
More...

Community Directory

Syndication


propertybymolly.com
Property by Molly