Posted on September 26, 2018 - 10:06 AM
by robert j. wiley
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.
I enjoyed working with the Wiley group. They were so helpful with questions that we needed. I would use them again in a heart beat. No familiar to the area but thanks to the Wiley group the showed us they best places to live. We were very fortunate to have found them because they have made this move very easy.mcmcde7