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Real Estate Tips
First Time Buyers >Credit Card Traps

It is not unusual for first-time buyers to be free of debt. They have been saving for their first home for many months or even years. But after they move into their new home, the new homeowners are often deluged with pre-approved credit card applications from banks and stores offering credit lines. Before they realize what is happening, they can be overwhelmed with debt.

The consumer credit agencies know that mortgage companies do thorough checks before approving a loan, and those who have passed through that process are considered good credit risks. They also know that new homeowners often need to make major purchases of furniture and appliances at a time when they have depleted most of their savings accounts. After years of disciplined savings, new owners may be faced with a tremendous temptation to just say "charge it" for the things they need.

If you have just purchased a home, be aware--and wary--when those credit card applications start pouring in!

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Real Estate Trivia
Q 
What famous hotel did John Wayne, Lee Marvin & Elvis Presley stay at while filming on Kauai?

A 
The Coco Palms
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Kevin and Shawn Grullon, REALTOR®, real estate agent and broker for Fayetteville, Raeford and Hope Mills, North Carolina home listings, property and land for sale - NUMBER1EXPERT

Kevin and Shawn Grullon
Coldwell Banker Advantage

3800 Raeford Road
Fayetteville, NC 28304
910-229-1100
Fax: 910-386-4201
kevinshawngrullon@Number1Expert.com


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