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Warning for Spring Home Buyers!

Mortgage and Lending with Bay Equity, LLC 770-634-4021 NMLS #206275 GA 25689



Yes, this is a warning for spring home buyers!  The holiday season is approaching rapidly and everyone tends to be in the festive holiday spending mood.  This practice could easily delay, or completely derail your plans for a new home purchase in the first quarter of 2016.  This is the advice I give to all of my clients so they don't sabotage their goals.

Here are some suggestions that will keep you on track:

  1. MAKE A BUDGET for your holiday spending.  Be sure to break down the amount to be spent on gifts, travel, holiday entertaining, etc.
  2. STICK TO THE BUDGET!  Don't get caught up in the retailer's web and spend more than you plan.
  3. PAY CASH whenever possible.  Driving up the balance owed on your credit card can result in a lower credit score in January or February even if you plan to pay them off.  Remember, you want the credit balance to be no more than 30-50% of your credit limit.

Keeping these simple rules in mind will help you be on your way to a new home in the new year. 


For more information on making a home purchase, please contact me.




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Kathy Sheehan Senior Loan Officer






Bay Equity LLC

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11475 Great Oaks Way, Suite 350, Alpharetta, GA 30002

800.BAY.3703 Bay Equity LLC NMLS ID#76988



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The opinions and general information in this blog are soley those of Kathy Sheehan.  Specifics regarding an individual case should be discussed in detail with a loan professional.  For a confidential consultation, please feel free to contact me via phone or email.  All terms and conditions are subject to change.


Anita Clark
Coldwell Banker Access Realty ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Kathy: This is really good advice for all future buyers. It is so easy to get carried away over the holidays and not be able to buy in the spring because of decisions made now.

Nov 12, 2015 06:28 AM
Kathy Sheehan
Bay Equity, LLC 770-634-4021 - Atlanta, GA
Senior Loan Officer

Thanks Anita!  Over the years I have lost count of the number of clients that have spent too much during the holidays and then can't buy until May or June.

Nov 12, 2015 06:36 AM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Kathy- this is such good advice for all of us but especially for anyone thinking of buying a home soon.  

Nov 14, 2015 03:14 AM
Kathy Sheehan
Bay Equity, LLC 770-634-4021 - Atlanta, GA
Senior Loan Officer

Thanks Kathy!  It is always disappointing when overspending derails a client's plan for a home purchase.

Nov 15, 2015 11:19 PM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Nice tips to get those home buyers ready for their spring purchase. Being ready to buy is such an important step to take...

Nov 18, 2015 11:48 PM