Posted on March 11, 2019 - 05:00 AM
by LUANN MCCLUSKEY
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.
“From the time I started looking at homes Luann met me on my schedule, showed me the houses I was interested in and even gave recommendations on houses I was unaware of, helped me review for possible problems and select the right location for me! She was crucial from start to finish on the purchase process once I selected my home and followed up with me after I was settled in to make sure I was happy! Whenever I see Luann around town she always is friendly, remembers me and asks about my home! When it's time to make my next purchase I will go back to Luann!” TONI BURLESON, VIRTUAL ASSISTANT, BROWNWOOD