Posted on April 8, 2019 - 04:54 PM
by Katie Monroe
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.
We have searched for 2 years for our forever home and we've had a lot of bad luck. But Katie not only found us our forever home she was able to help us with a lot more. She made a very hard and frustrating time in our life so easy. She is a true blessing, an amazing realtor, and now we consider her part of our family!!!! She is amazing!mrsreeves1213