Posted on January 1, 2019 - 05:00 AM
by Desiree Barbazon
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.
If it weren't for Desiree, our successful farm sale might never have happened. She worked tirelessly with the buyer, who was out of the area, to iron out all the difficult details and even helped her get over some of her lender hurdles. We would heartily recommend her as THE horse property expert to anyone coming to Ocala to buy or to anyone in Ocala looking to get top dollar for their listing.