Buying a home.....Holiday spending Could Change That....
Buying a home.....Holiday spending Could Change That.... If a new home purchase is in your future, or you're currently under contract to purchase a new home soon, please read this! 'Tis the season to spend, spend, spend. It's hard sometimes not to get overwhelmed with the Holiday gift giving spirit. Shoppers around the country say they are planning to spend an average of $882 for gifts this holiday season, up from $861 last year according to the 31st annual survey on holiday spending from the American Research Group, Inc. Of that $882, a good portion of it usually goes on a credit card. Typically, this is not a big deal, but if you're currently under contract to purchase a home or have the intent to buy a home in the near future, be aware of the debt you are addition up. If you are using a bank to help finance your home purchase , realize the amount of credit card debt you rack up during the Holiday's will affect your debt to income ratios as a lender revie...
Comments
Post a Comment