09/09/2026
PSA 🗣Don't let your shopping habit cost you a mortgage.
Paypal, Afterpay, and Klarna are convenient "Buy Now Pay Later" tools, but did you know they negativity affect your credit profile in the eyes of the lender? Although different from traditional credit, the balance owed to these platforms still count towards your DTI ratio (debt to income). In fact, some lenders weigh these balance heavier than traditional credit because it's seen as impulsive shopping or poor cash flow management.
So if you're thinking about buying a home take my advice: pay off your balances, make sure you have at least three months of bank statements without these types of transactions and if you need to make a purchase use cash or traditional credit within reason.
Ready to buy, sell or lease? Schedule your private consultation today and let's take your real estate journey together.
Ph: 281-836-3249