Posted on September 25, 2018 - 09:19 AM
by Michael Parks
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.
MICHAEL WAS VERY PROFESSIONAL. HE TOOK CARE OF ALL MY NEEDS AND CONCERNS IN SELLING MY HOME. SO VERY KIND AND UNDERSTANDING. I WAS TOTALLY SCARED TO DO THIS AND HE VERY QUICKLY SET ME AT EASE. I WOULD RECOMMEND HIS TALENT AND SERVICE TO ALL MY FAMILY AND FRIENDS. SO VERY GRATEFUL THAT HE WAS MY REALTOR.-Peggy
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Information last updated on 2019-07-18.