Posted on September 12, 2018 - 02:20 PM
by nova shank
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.
Nova and I have been friends for over a decade and when I needed help selling my house, he was my first call. My house was heading into foreclosure and with the market value being so high, I wanted to maximize my take away from the property. Nova helped me with renovations to get it ready for sale. He knew just how to "put lipstick on the pig." Nova knew what to fix in the house to maximize my profits. He was knowledgeable and kept me informed during the entire process. I cannot thank Nova enough for helping me get a fantastic return on what could have been a total loss.Alison, Seattle WA