Posted on March 18, 2019 - 12:39 PM
by Dana Thompson
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.
"Our family has used Dana for 3 house sales/purchases and she has done us been our advocate with great knowledge and recommendations every time. We have personally sold and purchased 2 homes with Dana. And our son also bought and sold a home with Dana. She helps you set the house up so it will sell quickly. My son's home sold in less than 48 hours. She is a great resource."Ryelle