You Only Think Paying off Credit Cards Will Help When Buying a House

Paying Off Good Debts Can Work Against You

Occasionally I get calls from prospective buyers that are working on their credit.  They say that they are paying off debt so they can purchase a home.  So I ask and who advised that you needed to pay off your credit cards?  With one couple in particular, I asked this question and as it turned out, no one had advised them.  And in their case, they had qualified for a mortgage loan the year before, but since they paid off and closed all of their credit cards their credit scores dropped because they had no recent credit history.  Furthermore, they qualified for much less than they did the year before.

Totally paying off creditors is a noble move, but when preparing to purchase home, it can be the death of your pre-approval, and ultimate approval  if you don’t continue to use your revolving lines of credit.

Birmingham-Hoover Metro Area Rental and Real Estate

Whether you’re looking to buy real estate your sell your existing property, call or send me and email today, so we can discuss how I can best serve your Birmingham-Hoover Metro area real estate needs!

Exceptional Service Because You Deserve It!

Charita H. Cadenhead,  Realtor®
(205) 527-1112 – Direct
(800) 496-7431 – Fax

Comments or questions are welcome.

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About Charita Cadenhead

Birmingham-Hoover Metro Area Real Estate
Charita Cadenhead is a licensed Realtor® in the State of Alabama since 2006, serving the Metro Birmingham market. In 2007, she founded Bham WIiRE (Birmingham Women Investing in Real Estate). Bham WIiRE consisted of women interested in real estate investing, but later the focus expanded to include all women interested in any aspect of the world of real estate. She is co-author of the book “Sell Your House Fast for the Right Price”, and has been featured on She is an avid blogger with nearly 1300 posts to date, including a great number of featured posts.

Whether you’re looking to buy real estate your sell your existing property, call or send me and email today, so we can discuss how I can best serve your Birmingham-Hoover Metro area real estate needs!

Exceptional Service Because You Deserve It!

Charita H. Cadenhead
Keller Williams Realty Metro North
Birmingham Alabama Realtor®
(205) 527-1112 – Direct
(800) 496-7431- Fax

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