Posted on October 9, 2018 - 01:46 PM
by Armando La'O
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.
Armando & Michelle Montecillo La'O
CA DRE #01392385 / CA DRE #01913070 Berkshire Hathaway HomeServices Elite Real Estate
7412 Elsie Ave
Sacramento, CA 95828
Thanks for all your help in making our "dream home" a reality. We really appreciated that you went the extra mile to get us the best price for our home. You are truly a professional.John and Rhonda Robinson
"V*" on the listing price means the seller is willing to entertain offers within the Listing
Price range. The Listing price range a seller will consider is determined by the value in the
Value Range Price field (the lowest price) and the Listing Price field (the highest price).