Posted on May 9, 2019 - 02:38 PM
by Palmer Real Estate
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.
Sean Palmer is a get it done kind of guy. He is an expert in his field and I was continually impressed by how organized, prompt and knowledgeable he was during this crazy experience of buying a house. My particular house buying experience was a roller coaster and Sean navigated the curve balls like a true pro. I honestly don't know if it would have worked out if he wasn't our realtor. The other thing that I was very thankful for was the genuine care he took to go the extra mile. He was out there moving massive amounts of garbage away from the house himself to make sure we got a proper pest inspection. After my house had closed, he offered to help clean up the the trash and garbage left by the previous occupants and to me, that kind of support from Sean gave me confidence the whole way through this journey to know it's all going to work out okay.brink kelly1