Posted on September 25, 2018 - 02:42 PM
by Lana Ruggiero
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.
Patrick Earl Thank you Lana! Your dedication to my family's needs, and assistance through the process was extremely vital to having an offer on my property in 6 DAYS! We appreciate all of your time and effort.
...you made the house purchase easy and fun & I look forward to coming to Gloversville~ Marti
I can't thank you enough for helping me through all this! You are a great person and fantastic realtor! I would recommend you to everyone! Thanks A Million! Penny
Thank you so much for your help on Woodward and Hollywood. I really appreciate your knowledge and dedication.
You are awesome at what you do - Thanks again!