Posted on February 28, 2019 - 04:02 PM
by Sharon Auffet
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.
Kayla went above and beyond to meet our needs, expectations, and treated us like family while keeping the utmost professional manner. She made this process as easy as can be and took the stress out of it for my family. When we would hit what we thought was a road block, she viewed it as a yield sign and showed us how to take an alternative route to get where we needed to be. She was simply amazing.Jay O. (Dec 2018) Keller Home Purchase