Let that charge card cool off! The purchase of expensive jewelry, lavish vacations, new furnishings, electronics, vehicles, etc... can greatly affect your ability to qualify for a higher loan amount.

The purchase of a car or boat can also play a role in the amount you may qualify for by adversely affecting your "Income to Debt" ratios. Your lender will ask about your income, savings and debts including any other payments. (school loans, loans, credit cards, etc...)

Lets face it - nobody wants to hear "Had you not bought that new car or boat, you could have easily qualified for this mortgage"