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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.
Corey Foy, MRP, CHMS Noble Group Realty
203 S. Main St
Cibolo, TX 78108
Phone: 2107228232
Email: corey@noblegrouprealty.com
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Testimonials
Found Corey to be very polite & courteous. Extremely knowledgeable about real estate matters. Was always able to answer any questions or find the answer in a timely manner. Overall I would have to say he is one of the best agents I Have had the pleasure of knowing. Worked hard on finding me a suitable home and did a fine job. If I ever have the need for a real estate agent again Corey will be the man.John Doyle
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