Posted on September 17, 2018 - 10:26 AM
by anthony patrick
Don’t go on a spending spree using credit if you are thinking about buying a home, or in the process of buying a new home. 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 purchases until after closing. The last thing you want is to know that you could have purchased a new home had you curbed the urge to spend.
Leslie and Tony guided my husband and I through selling our property at the end of a long stretch of several listing agents. Just after Christmas it sold and my husband passed. Their attention to detail and management of the transaction made a tough settlement easier.