Posted on October 23, 2018 - 05:00 AM
by Laura Dowling-Roy
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.
Laura was a joy to work to work with. She was personable, knowledgeable and available. As this was the first home we were purchasing in Florida and on the beach, she educated on the area and what to be aware of relative to construction and neighborhoods. Laura thought out-of-the-box during negotiations which helped us to obtain the home we were searching for. I would highly recommend her as an agent. I do not believe you could find an agent who knows more about the area than she does.user6889460