Posted on February 13, 2019 - 01:59 PM
by Steve Sexauer
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.
Steve Sexauer is passionate about real estate. We listed with Steve to sell property in St. Petersburg. As I live in Seattle, WA I needed a partner in this endeavor who would truly help me through the process long distance. Steve rose to the challenge. He literally was our feet on the street, he located and obtained quotes for work we needed on the property to prepare it for sale. Steve became our project manager when a new roof was installed. He provided frequent updates and with every offer we had a one on one call to discuss the offers and determine the next steps. I felt completely engaged and included in the process, right up to CLOSING in just over 2 months for a price over list! Steve is amazing and I'd highly recommend him for your real estate needs.patsinwa