Posted on April 17, 2019 - 03:24 PM
by mike and sandy faulkner
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.
Copyright 2019,MLS of Greater Cincinnati, Inc. All rights reserved. The broker providing this data believes it to be correct, but advises interested parties to confirm all information before relying on it in a purchase decision. The data relating to the real estate for sale on this web site comes in part from the Broker Reciprocity program of the MLS of Greater Cincinnati, Inc. Real Estate listings held by brokerage firms other than Comey & Shepherd Realtors, are marked with the Broker Reciprocity logo or Broker Reciprocity house icon. The properties displayed may not include all the properties available through Broker Reciprocity. IDX information is provided exclusively for consumers’ personal, non-commercial use. IDX information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Information last updated on 2019-07-20