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Cormac and Wailani O’Herlihy
CalBRE#: C. 787980 - W. 1264113
Phone:  (310) 980-1195
Office:   (310) 457-8501
Fax:       (310) 589-2504
Wailani: Waioh@msn.com
Cormac: OHerlihy1@msn.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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28700 Pacific Coast Hwy., Malibu CA 90265

CalBRE#: 899496

This website is not the official website of Sotheby’s International Realty, Inc. Sotheby’s International Realty, Inc. does not make any representation or warranty regarding any information, including without limitation its accuracy or completeness, contained on this web site. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractors and are not employees of Sotheby’s International Realty, Inc. Sotheby’s International Realty CalBRE#: 899496

 

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