Posted on February 7, 2019 - 01:48 PM
by kelly lewis
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.
Kelly was very helpful as I purchased my first home. She explained the process to me in a way that I could understand, helped me avoid some properties that had more problems than I would have been willing to deal with, and ultimately helped me settle on the right home for me. Kelly was a key reason that my first home purchase went so smoothly. I would recommend her to anyone looking to purchase a home in the Tulsa area.
Bought a Single Family home in 2017 in Collinsville, OK.10/21/2017 - timreeves2910