William's Blog...with a smile!

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You made the mistake...now what?

It was Black Friday and the item you have waited for was on a super deal.

So you bought it along with  a lot of other stuff.

When the cashier asked how you wanted to pay for it...CHARGE IT!!!

 

But, you are in the middle of buying a  house.   Your numbers are very tight.

This will change your payment.  You could possibly not qualify now.

What should you do?

 

Small normal purchases will not hurt, but that large one could change the numbers.

 

Monday morning is on the horizon.

First off check to see when your payment will be due.

If it is less than a week before the closing...Call the card company.

 

Make a payment over the phone.

It usually only takes a couple days to process and you will be back to normal.

 

Then, it is best to put that card aside until after closing!

 

Comment balloon 9 commentsWilliam Feela • November 27 2017 01:03AM

Comments

I always warn buyers to be overly cautious about spending above and beyond the norm... 

Posted by Maria Sapio, Real Estate Agent- Carlisle, PA. Mariasapio.com (Berkshire Hathaway Homesale Realty) 6 months ago

So true! Just stop charging anything until after close odf escrow!

Posted by Michelle Carr-Crowe-Top 1% Diamond Certified Real Estate Team Sells Cupertino San Jose Homes-Just Call 408-252-8900, Family Helping Families Buy & Sell Homes 40+ Years (Get Results Team...Just Call (408) 252-8900!) 6 months ago

Good evening William. This is very very good and makes a big difference.

Posted by Sheila Anderson, The Real Estate Whisperer Who Listens 732-715-1133 (Referral Group Incorporated) 6 months ago

William

Good advise . . . . thanks for sharing your insight.

Good luck and success.

Lou Ludwig

Posted by Lou Ludwig, Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC (Ludwig & Associates) 6 months ago

Hi William- what a good reminder for those about to make that very big home purchase. Put aside that credit card!

Posted by Kathy Streib, Home Stager - Palm Beach County,FL -561-914-6224 (Room Service Home Staging) 6 months ago

Best to wait on any big purchase until after the close. Keep purchases as normal as possible. Any abnormal spike in credit card spending would be a red flag. Good advice William.

Posted by Debe Maxwell, CRS, Charlotte Homes for Sale - Charlotte Neighborhoods (www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310) 6 months ago

Some people just do not have the will power and other just figurer we are wrong.

Posted by Vern Eaton, Realtor 651-674-7449 6 months ago

William

After a mistake it's to focus forward and move on.

Good luck and success.

Lou Ludwig

Posted by Lou Ludwig, Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC (Ludwig & Associates) 6 months ago

This is an important lesson for buyers to read - and to put away the credit card!

Posted by Maria Sapio, Real Estate Agent- Carlisle, PA. Mariasapio.com (Berkshire Hathaway Homesale Realty) 6 months ago

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