Posted on March 28, 2019 - 09:27 AM
by Caldwell Realty
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.
Nathan help my wife and I through multiple real estate transactions, Nate is professional with a true genuine concern to provide the best possible service to his clients. Always available to assist with questions and concerns. His in debt knowledge of home values, legal issues, financing and complex multiple real estate action coordination far exceed my expectations. Highly recommend Nathan you will not be disappointed. pwc02915