Posted on December 17, 2018 - 05:00 AM
by Diane Culver
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.
Diane & Rob were very helpful and efficient. I live out of town and we stayed in touch by telephone and email. I am very happy with their level of communication and service. What I liked most about working with Culver Realty is how caring and concerned they were about me and my situation. They were very understanding and patient. I would, highly, recommend them to others.Alice C.
Information deemed reliable, but not guaranteed.
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