Posted on August 26, 2018 - 04:43 PM
by Michael Johnson
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.
I would like to take the opportunity to inform you of the wonderful experience we had in the sale of our home. Immediately following the listing of our house I was faced with some very serious health problems requiring hospitalizations and weeks of home care. Michael's calmness when presenting offers and his patience when answering my questions made it easier for me to make intelligent decisions and I truly appreciated that.Eileen Lichardus