Posted on May 22, 2019 - 03:16 PM
by Tammie Carter
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.
We have worked with Tammie Carter on three real estate deals. She is the consummate professional. Our first two deals we were handling from out of state and Tammie made the process painless. When we finally moved to Georgia and found the house we wanted, we once again relied on Tammie's expertise and knowledge to negotiate and take us through the process. Tammie gets 5+ stars. We can't recommend her enough!lynnenielsen2013