Loans By Kathy: A new home in 2013

A new home in 2013

If a new home in 2013 is one of your goals, I have some advice for you.  The upcoming holidays often derail home buying plans.  Don't make the mistake by over spending during this time of year.  Most importantly stick with your budget.  Don't have a budget, now is the time to put one together.    

Kathy Sheehan

I recommend to my clients that they pay cash for their holiday spending including gifts, entertaining and travel.  The last thing you want to do is run up the balances on credit cards and potentially lowering your credit score.

 

 

Make sure you have a plan and stick to it.

 

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Kathy Sheehan Senior Loan Officer

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Bay Equity LLC

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11475 Great Oaks Way, Suite 350, Alpharetta, GA 30002

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The opinions and general information in this blog are soley those of Kathy Sheehan.  Specifics regarding an individual case should be discussed in detail with a loan professional.  For a confidential consultation, please feel free to contact me via phone or email.  All terms and conditions are subject to change.

 

Comment balloon 11 commentsKathy Sheehan • November 06 2012 05:22PM

Comments

Hi Kathy -- very true and excellent advise.   Forget the temptations of buying now and paying later in 2013 -- there's no such thing as a free lunch.

Posted by Michael Jacobs, Los Angeles Pasadena 818.516.4393 about 6 years ago

I have seen this happen every year I have been in the business.  This year I decided to be proactive in getting the word out!

Posted by Kathy Sheehan, Senior Loan Officer (Bay Equity, LLC 770-634-4021) about 6 years ago

Good advice - it can be very hard to stick to a plan when buying a home, and often purchases are made without thought!

  Thank you.

Posted by Joy Daniels (Joy Daniels Real Estate Group, Ltd.) about 6 years ago

If this message reaches just one buyer I will have done my job!

Posted by Kathy Sheehan, Senior Loan Officer (Bay Equity, LLC 770-634-4021) about 6 years ago

Great advice, Kathy.

Posted by Mike Warren (Real Estate) about 6 years ago

Kathy this is such great advice..........logical and simple but how many don't follow it and are shocked?

Posted by Roger D. Mucci, Lets shake things up at your home today! (Shaken...with a Twist 216.633.2092) about 6 years ago

Thanks Mike!

Roger, you would be amazed!

Posted by Kathy Sheehan, Senior Loan Officer (Bay Equity, LLC 770-634-4021) about 6 years ago

Kathy, Great advice. Serious home buyers would do well to take this advice. If there numbers are tight … several thousand on a credit card could change the debt to income ratios enough to ruin their plans to buy a home.

Posted by Kathleen Daniels, San Jose Homes for Sale-Probate & Trust Specialist (KD Realty - 408.972.1822) about 6 years ago

Kathleen, not only the debt to income ratio, but it will probably drop their credit score too!

Posted by Kathy Sheehan, Senior Loan Officer (Bay Equity, LLC 770-634-4021) about 6 years ago

Kathy, great advice...we all seem to spend more during the holidays.  Like you said pay cash if you  plan to buy a home in 2013.

Posted by Rebecca Gaujot, Realtor®, Lewisburg WV, the go to agent for all real estate (Vision Quest Realty, Martha Hilton, Broker) about 6 years ago

This is great advice....and probably should be followed by everyone. 

Posted by Ron Marshall, Birdhouse Builder Extraordinaire (Marshall Enterprises) about 6 years ago

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