Posted on February 7, 2019 - 07:09 AM
by Kim Endre
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.
Kim worked with us in person and remotely for over a year to find and purchase our dream property. She always responded to each question we had and coordinated everything we needed to get the property closed. Her knowledge and support during this process was amazing!Debra Keaney