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Lakefront Living, On The Lake Realty License #00257334
100 Rarity Bay Parkway
Vonore, TN 37885 
Principal Broker Karen Millikan
License # 00278019
Office:  423-519-3258
Fax:      866-557-1159
Email:Karen@LakefrontLiving.com
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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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