Posted on January 9, 2019 - 11:24 AM
by jay schlum
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.
Jay helped me purchase my first home in Fountain Hills in 2014. You could not have a more caring, knowledgeable person handling your real estate needs! Jay's interpersonal skills will make your whole experience go smoothly, while feeling like you're with a friend! He processes such in depth knowledge of Fountain Hills and the surrounding area that will ultimately play an important roll in your decision! Very honest and insightful!dj firstlove