Why You Should Not Make Any Major Credit Purchases
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.
Dear Mr. Cowan,
"We want to express our gratitude in selling my Mothe'rs home. The very first call was very impressive in explaining all the details of selling a home. My husband and I were in agreement on how you were the real estate agent for us. You presented yourself professional, kind, and compassionate. As time went on you kept us informed as to when there were potential buyers. As a real estate agent you advocated for us and answered every question. We also want to thank your wife for taking the time and staging the house. We will recommend you to our friends and relatives! Thanks again for all your assistance from the beginning to the end."
Danny and Ida Zamora, Albuquerque