Posted on February 7, 2019 - 10:32 AM
by Hedy Long
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.
800 Bellevue Way, Suite 500
Bellevue, WA 98004
Hedy was highly recommended to us by friends, and we feel lucky to have worked with her to buy our first house. She is direct, honest, and clearly cares about people and loves her work. She is always quick to respond to emails/texts and worked hard to ensure that our offer was accepted quickly and closing went smoothly. We were nervous first-time home buyers, but Hedy's knowledge of neighborhoods & the housing market, as well as insight into potential maintenance issues and ideas for renovations, made us feel comfortable and informed during every step of process.Klesoing