Pinckney Retreat today is a private coastal community of 77 distinctively beautiful homesites offering breathtaking views of the great salt marsh, antebellum gardens and lush Lowcountry live oaks. Community dock and amenities.
Why You Should Not Make Any Major Credit Purchases
If you are thinking about buying a home, or in the process of buying a new home, credit card payments should be reduced to a minimum. In fact, paying down all credit cards balances, or paying off in full, will go a long way to improving your eligibility for a home loan.
Your mortgage pre-approval is subject to a final evaluation of your financial situation. Every $100 you pay per month on a credit payment could cost you about $10,000 in home eligibility. For example, a car payment of $300/month could mean that you qualify for $30,000 less in a mortgage.
Even if you have accumulated enough savings, you should consider not making any large credit purchases until after closing.
