Posted on March 7, 2019 - 01:34 PM
by Toyia Chenevert
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.
It was a pleasure working on our home purchase with Toyia. Even though we lived in Oklahoma, and our search was in Texas, the process could not have gone more smoothly. Toyia took the time to video the homes that interested us, discussed the homes in length, and provided her expertise. She knew what we were looking for, and only recommended those which fit our search criteria. When we found the home we wanted to purchase, Toyia coordinated everything flawlessly with all parties involved. She kept us abreast of everything happening with the purchase through the closing with the title company. My wife and I were extremely pleased with Toyia, and the effort she put in and her attention to detail. We highly recommend her. Of all the homes we've purchased over the years, this was the easiest, by far. larry spitzer052497