Posted on January 31, 2018 - 02:29 PM
by WhiteBear Lake RE
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.
James facilitated the sale of our home with a direct buyer and charged us a very reasonable price. He listened to our description of our "dream home" and was a skilled negotiator with a challenging seller. He was an excellent listener throughout the whole process. His low fees enabled us to both sell our home and purchase what we were looking for. We would highly recommend him.Judy and Rosemary