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.
Christine and Michael are the most professional and knowledgeable Realtors you could ever wish to work with. Their experience and approachability are a real asset and they know all there is to know about buying and selling to international clients. In my experience of working with them, they will always go the extra mile to ensure a successful and stress free transaction.