But I Needed a Fridge!
By Karen Feltman, Relocation Specialist in Cedar Rapids, Iowa
(Cedar Rapids/Iowa City, IA KW Legacy Group)
This week's installment from Nathan Seyfer is a common mistake that buyers make. We don't think about all the things that we are doing that could be damaging our credit profile. Yes, you may need a refrigerator or a washer and dryer, but it is best to wait until after the closing before you open up any new credit or take on any more debt. Thank you to Nathan and UICCU for providing such invaluable information to Cedar Rapids home buyers. Keep smiling! Karen __________________________________________________________ But I needed a fridge! In those five words a client was justifying the big splurge they had made on a refrigerator and the credit card with no payments, no interest for 6 months that they had just opened. While a seemingly harmless purchase in preparation for their n...
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