Posted on September 28, 2018 - 08:47 AM
by ben manley
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.
Ben is great! He was willing to drive all around creation to show us places, and had great “extra hands” when he couldn’t make it himself. Once we got into negotiations, he worked hard and fast to make sure we got the best deal possible and he gave us good advice as to how to handle negotiations. When time became an issue, he worked hard to make sure everyone was on schedule. We would definitely work with Ben again. Thank you for getting us our first family home!Stephanie Heath