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
Home | Auction Basics | Online Auctions | Auction Information | Auctions | Upcoming Auctions | Hancock County | Harrison County | Jackson County | Stone County | Entertainment | The Gulf Coast | Contact Us | John Mozingo Jr | John Mozingo III | Angela Murray | Michele Hickman | Advanced Search | Property Analysis | Join Mail List | Maj. Sean Cross | Our Listings | Property Search | Residential | Lots & Land | Multi Family | Commercial | Rentals | Gulfport Homes | Biloxi Homes | Long Beach Homes | Pass Christian Homes | D'Iberville Homes | Rental Application | Our Open Houses | Buyer/Seller Info | Buyers Information | Seller Information | Mortgage Rates | Relocation | FEMA Information