Posted on March 12, 2019 - 07:00 AM
by Christian 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.
Christian Realty is hands down the best. We are so blessed to have found Sheena. She is amazing! The purchase of our new home went so smoothly. We are in love with our new home and we cannot thank Sheena enough for helping us find the right one!Debbie Terranova Kemp
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