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.
WE ARE 1500 MILES AWAY, but when we sold Kansas land at auction through Shay Realty the entire pleasant office keep us informed, answered our questions, worked hard for us and with us, made sound predictions, and found good buyers. What could be better? I would gladly choose to work with them again.
"I would gladly choose to work with Shay Realty again." Marla