Don't Trip-Up Your Home Buying Plans This Holiday Season ...
Spend and Give Wisely!
"Tis the Season ...
The above words typically refer to the "Holidays" ... joy, love, laughter, family, giving, sharing ... all the meaningful and good things in life.
But they also can mean ...
Tis the Season of huge sales. Tis the Season to buy loved-one and friends' gifts. Tis the Season of massive appliance and car sales. Tis the Season to charge items.
Tis also the Season that you will hear those fateful (and somewhat frightful) words, "Would you like to open a charge account? You'll save another 10% on your purchase."
Tis the Season! Yeah right!
Temptation is everywhere. And all too often during the Holiday Season, shoppers succumb. For those Holiday shoppers presently in the process of buying a home ... Oooooooooeeeeeee! They could also be the words of warning!
Buy! Charge! Be tempted too much ... and you'll find that you've tripped-up your credit scores and completely derailed the home purchase your dreaming of. That your mortgage process has become much longer, more involved, and ... probably messy too. Remember, your credit is re-run just prior to your home closing. If your credit scores have changed or dipped too low, the mortgage approval can be rescinded.
Tripping-up your credit and derailing your dream of a new home purchase is very easy to do and can be done in the blink-of-an-eye. Especially during the Holidays. Depending on your credit scores at the time, it can be accomplished with just one unwise purchase or credit charge. ONE! What was done so quickly and easily isn't so easy to un-do. Credit isn't improved or mended as quickly or easily as it's damaged. It takes time and much effort to regain valuable credit scores. That could mean the sellers will not wait for you to improve your credit scores so you can continue the purchase. That could mean you lose the home your hoping for. That could mean underwriters and lenders will not approve your mortgage ... at least until your credit scores are raised once again.
So, while you're standing at that check-out this Holiday Season ... consider long-and-hard all of the above very seriously, should you be in the process of buying a home. Or should you be in mortgage processing to complete the purchase. Or you are considering a home purchase within the next year. Well, in fact ... if you're anyone!
Don't trip-up your chances during the temptation of the Holidays. Don't trip-up your dreams of a home. Don't trip-up your credit. Have a safe and Happy Holiday Season on wise and sound financial footing ... and be able to enjoy the New Year in your new home.
* Protect yourself from "tripping-up" during your quest for a new home or mortgage financing. Contact me today. I've got 35 years of experience and expertise with which to help you land successfully "on your feet" during your mortgage process. I can also assist you with your credit concerns and questions.
Contact me through any of the following methods. I'll be happy to hear from you:
Direct: 815.277.4036 Cell/Text: 708.921.6331
Email: gene@chicagobancorp.com
Website: www.genemundt.com
Skype: 630.219.1316
Gene Mundt, Sr. Vice President
Personal NMLS #216987
The Federal Savings Bank
1823 Centre Point Circle, Naperville, IL 60563
Now on Skype! 630-219-1316
