Posted on August 15, 2018 - 07:31 AM
by Richard Senecal
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.
Our family knew selling our home could be challenging, due to unusual circumstances. Rich turned what would likely have been a lengthy, frustrating, and costly process into a sale that exceeded our needs. Rich managed to make it less stressful by remaining responsive, communicating with us at every step in the process, managing the pre-sale improvements and providing staging, and actively driving the sales process. Our home looked amazing. It sold when we needed it to sell. Rich is very knowledgeable about today's market, is a strong negotiator, maintains a calm and professional demeanor, and is an absolute pleasure to work with. We are grateful for what Rich did for us and impressed with how he accomplished it. We are thrilled to have a realtor we will stick with.E. Mills – Kirkland, WA. (4/15/14)