Posted on October 23, 2018 - 05:00 AM
by david kraft
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.
Extremely happy with David Kraft and his team! Helped us find our dream home, and did an EXCELLENT job selling our previous home...It was only on the market 4 days before we got the right offer. Gaylan staged our house wonderfully and gave us great ideas to make our house look as appealing as it could. They have wonderful references for mortgage and title companies as well. We recommended The Kraft Team to some of our friends, and they also ended up teaming with them to purchase their home this year.Tony & Kristen