step seven #3

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This topic contains 1 reply, has 2 voices, and was last updated by  TTrumble 5 months, 4 weeks ago.

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  • #37858

    meplus1
    Member

    quick question…. debts are not increased? is this referring to opening new lines of credit or using credit that is already established (i.e. gas card, major cc)

    #37866

    TTrumble
    Member

    Hello meplus1,

    Actually, both. Any increase in your month-to-month obligations will affect your budget and thus your affordability. This is one of the most hard-and-fast rules when getting a mortgage anywhere, not just with NACA.

    Tim Trumble
    Online Operations, NACA
    ttrumble@naca.com

    • This reply was modified 5 months, 4 weeks ago by  TTrumble.
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