Willy's Whimsical Wednesday Words of Wisdom

Doing things backwards, that's my plan!! Folks tend to buy a newer car, new cell phone, boat, bike or toys before they consider buying a home. A new cell phone can impact your financeability regarding a home loan. Multiple credit cards, even if they have little or no balance can also have a negative effect on qualifying for a home loan. Home lenders tend to look at multiple credit cards as if you can max out the balance on every card. Not your intention of course, as multiple credit cards are simply a convenience to you but lenders can view that differently. Bottom line is this; you can buy a car, boat or phone anytime after purchasing your home. Sometimes even getting a better deal because you are a homeowner. Think of taking on these major decisions sequentially and plan for your future financial success and more importantly your financial security.

Have a Willy Great Day!