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.
Walt Poff is the best Realtor® that we have ever found. As the result of his innovative and creative marketing, along with all of his resourceful ideas, we sold our home for a wonderful price only 36 days after we listed it with him. We even had two buyers at the same time, both with acceptable offers. Our home had previously been on the market for two years, listed with two other Realtors®, and nothing happened. Walt is reachable seven days a week and at all hours of the day and evening. Walt is without a doubt the hardest working and most professional Realtor® that we have ever dealt with.Marilyn Kreger
Comments