Posted on September 11, 2018 - 03:44 PM
by Gooch Beasley
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.
When I decided to accept a job in Sewanee, TN, I didn't have much time to waste finding a house to purchase. When I asked around for a realtor who was familiar with Sewanee's real estate market, who was responsive to phone calls and emails, and who could transact business efficiently, June Weber came highly recommended to me by several local residents who'd worked with her. June did not disappoint. I have worked with real estate agents throughout the east coast, and without a doubt, June Weber has been the best. I endorse her without reservation.wmarichalgentry