Posted on May 17, 2019 - 11:10 AM
by Tony Stallings
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 are extremely happy that Tony Stallings of Edge Real Estate made our home buying experience so wonderful! This is the best experience we’ve ever had buying a house. Tony is professional, personable and extremely knowledgeable. He truly listens to what you are looking for in a home and delivers on meeting those expectations when showing you potential properties. Tony is prompt in answering any questions you may have and is a great communicator, no concern for unanswered text or calls, as he gets back to you immediately. Being an out of the area buyer brought its own challenges, but with Tony’s help we were able to keep trips back and forth to a minimum and find a home that we are extremely happy with. If you want to be a satisfied buyer, Tony comes highly recommended by us. - Wally & CharlotteWally & Charlotte