Posted on August 17, 2018 - 03:12 PM
by Chris Elder
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.
Call Chris first! We are so glad our first call was to Chris Elder at River City Realty. He responded immediately to our request for information regarding the real estate market in Laughlin, Nevada. Chris listened to our needs and desires and found the perfect home for us - the first time out! As our transaction progressed, Chris called and emailed us with regular updates. When something came up at the end of our purchase, Chris was there to reassure us that everything would be just fine. Sure enough, everything worked out great! Chris is knowledgeable, professional, and great to work with. Call Chris first - you will be glad you did! momma47