Posted on March 13, 2019 - 05:00 AM
by Javier Gomez
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.
Great realtor We had a fantastic experience with Javier both selling & buying. He helped us find our dream place in Estes as well as connected us with a local contractor who did an amazing job on our renovation. I would highly recommend him to anyone looking in the Estes Valley. We not only foud our realtor but also, a friend.Aime R