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Posted on December 21, 2018 - 05:00 AM
by Dina Westermeyer
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.
"Dina can handle a challenge and she gets the job done!"K.H.
"My wife and I want to thank Dina Westermeyer and The Lion Team for helping us in the purchase of our home and the short sale of our previous home. Dina was very patient and understanding in what kind of home we were looking for.The short sale went very smooth just like Dina had said it would. We would use and recommend Dina and The Lion Team again."D.S & M.S
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Information last updated on 2019-06-26