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 absolutely loved working with Tony. Even before we met in person, he had done his homework and lined up plenty of homes for us to see that we were interested in. Our week-long house-hunting trip was enjoyable as Tony showed us the towns as well as the homes. Our first 2 choices didn't work out, and we left without a home. The next few months, we worked together remotely, and Tony showed us a few homes via Facetime! Through the whole experience, Tony was with us and negotiated for us, not one, but 4 times! Then he stayed with us until all the papers were signed. We have bought and sold homes several times, and Tony is one of the best realtors we've had the privilege of working with.Brian & Rachelle