Why You Should Not Make Any Major Credit Purchases
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.
I have dealt with many real estate agents in my 40+ years of life and I can tell you that Stacie was everything I was looking for in a real estate agent. Smart, spunky, listens to me (and understands me), calls me back promptly, a real go-getter, knows the market and takes the time to know her clients. I can't say that for many other agents out there. Thank you Stacie and I hope other realtors take notes!Marla L.