Posted on October 10, 2018 - 12:49 PM
by bonnie hart
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.
Bonnie greatly assisted my family in our last home search. She was extremely knowledgeable, professional, and gave us a great deal of insight and perspective. Throughout the entire process she demonstrated a great deal of patience and explained everything to us in great detail. I highly recommend Bonnie Hart to assist you in your home search. We certainly will call upon her when we look to move again!Jeffrey Miller
Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-20. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.