Posted on August 21, 2018 - 01:45 PM
by russ parker
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.
Russ was more than helpful in every step of our search for a new home. He was proficient with every detail of the buying process and even negotiated a better price for us with new construction. Russ is dependable and we could always count on him for efficient and friendly service. I would recommend Russ to anyone considering a real estate transaction.Don