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🚨 Don’t Sabotage Your Home Purchase! 🚨

🚨 Don’t Sabotage Your Home Purchase! 🚨

You’ve done the right thing—you got pre-approved for a mortgage, and you're ready to start house hunting. But did you know that one financial move could completely derail your approval?

Here’s what many homebuyers don’t realize: Your mortgage pre-approval is based on your financial situation at the time of application. If you take on new debt—like financing a car, buying furniture on credit, or even applying for a new credit card—it can impact your debt-to-income ratio and lower your credit score. This could reduce the amount you qualify for, increase your interest rate, or even cause the lender to revoke your approval altogether.

🏡 Your home comes first. Before making any major financial decisions during the home-buying process, speak with a professional who can guide you.

If you’re thinking about buying a home and need expert mortgage advice, I can connect you with my trusted team of mortgage professionals to ensure you stay on track. Contact me today and let’s set you up for success!

CONNECT with Chris today and get THE ABBOTT ADVANTAGE!

#HomeBuyingTips #MortgageApproval #SmartBuying #ChrisAbbottRealEstate #VictoriaBCHomes #RealEstateAdvice #ChrisAbbott #Realtor #Mortgage #Lending #Prevention

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.