10/12/2026
Buy Now, Pay Laterβ¦ but what about when it's time to buy a house? ππ‘
Klarna, Afterpay, Affirm, and other similar accounts might seem harmless, but they can sometimes create a few extra hurdles during the mortgage process!
Just because it doesn't show up on your credit report doesn't mean it goes unnoticed.
When reviewing bank statements, we may spot payments to these companies and need additional documentation to determine whether they're ongoing monthly obligations or short-term βPay in 4β purchases.
Depending on the type of account, payment terms, and loan program, these payments could impact your debt-to-income (DTI) ratio or simply require a little extra documentation to clear up.
Thinking about buying a home? Let's review your finances before you start shopping so there are fewer surprises along the way!
Gulf Mortgage Group, LLC,
π NMLS #69545
π (225) 744-3541
π» gulfmortgagegroup.com
π 38034 Post Office Rd, Ste. A | Prairieville, LA 70769