Posted on January 22, 2019 - 02:31 PM
by Michael Hensley
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.
We were moving from Texas and Mike was not only our realtor he became our eyes. Mike went well above and beyond any expectation we could ever have. Mike was in constant contact with us each step of the way and traversed the state in every direction in order to find us exactly what we were looking for. I am positive you could not find a more dedicated, honest person to represent you during your search for a new home. Two great things came out of our dealings with Mike; a perfect home and a very good friend.Cam Norfolk