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Do not take on new debt or make large purchases on credit cards.
The temptation is strong. There are many big purchases that people want to make in connection with a move: appliances, window treatments, furniture, etc.
Unfortunately, you will change what the mortgage industry calls your debt-to-income ratio's, the relationship of your income to your debt.
Additionally, the new inquiries and balance change on your credit report could negatively affect your score. This may cause you to be denied or not qualify for the best mortgage program.
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Our nation is experiencing the worst financial crisis since The Great Depression of 1929. If you are looking to earn money to weather this crisis then do what the millionaires do and open a home based business. An elite group of mortgage/real estate brokerage owners, account executives and I have partnered to diversify our income and survive this financial crisis.
Learn how I took my multi-million dollar mortgage brokerage to a home based business by visiting my website and downloading my free eBook, "Rescinding the Recession: The Savvy Mortgage & Real Estate Professionals' Guide to Prosperity During Hard Economic Times."
Then contact me to schedule a seminar. Where you are today is because of decisions you made five years ago. Where you'll be in five years will be the results of decisions you make today! Are you where you want to be? If not, click here.
Illinois Residential Mortgage Licensee MB5732 • Illinois Department of Financial and Professional Regulation • 122 South Michigan Avenue, Suite 1900 Chicago, IL 60603 • 312-793-3000
Illinois Residential Mortgage Licensee
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