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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.

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Troy Stukowski

**Offices in Barrington, Elmhurst,
Libertyville and Lake Geneva
508 South Northwest Highway
Barrington IL 60010
Direct: 815.245.4882
Email: troy@atproperties.com

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FAR NORTHWEST SUBURBAN HOMES FOR SALE 

McHenry, Kane and Lake County Realtor
Troy Stukowski

508 South Northwest Highway

Northwest Hwy & Main Street 

Barrington IL 60010 

Serving McHenry, Kane, and Lake Counties including Crystal Lake, Cary, Woodstock, Algonquin, Lake in the Hills, McHenry, Huntley, Dundee, Pingree Grove, Hampshire and many more!

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