Posted on September 26, 2018 - 01:46 PM
by Scott Dilbeck
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've bought & sold several houses but the best experience I've ever had was with Scott Dilbeck. I had multiple offers on my house within 48 hours and sold it for more than the asking price!!! Scott Dilbeck & Atlanta Communities is the only way I will ever deal with real estate again. Thanks so much Scott, we love you!!!!chrisraines424