Posted on January 29, 2019 - 12:16 PM
by mary mccooley
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.
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I was buying a new property from 2000 miles away and Mary was my "legs on the ground" for me. She took pictures and video's for me so I could see things that MLS didn't show. She also helped manage relationships that long distance can't do. I'm grateful to her for helping me find a home that I really really love. I would highly recommend Mary.Donna