Posted on January 8, 2019 - 10:27 AM
by Zan Waldenville
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.
Our realtor Lisa Burkhart did a fabulous job of trying to meet our needs in finding a new home while also selling our current one. She was always available and quick to answer our questions. The Meraki Real Estate team worked flawlessly together to make the closing process as easy and efficient as possible. We are very appreciative and thankful to the Meraki Real Estate group for making the home buying and selling experience a non-stressful and enjoyable one. Thank you!!!!Eduardo Ortega