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.
Buying a home can be a complex, and even intimidating process. Even if this is not your first time buying a home, then you might have a sense of what to expect, but have you considered that each home has its own unique set of issues that can unexpectedly come-up? That is why you need someone with extensive knowledge and experience of the home-buying process in the area you are looking to buy or sell. Mike Cooper's knowledge comes from decades of experience as both a real estate agent and as a contractor. Here's some of what you get when you put Mike to work for you. Mike Cooper puts his experience in building-structure, utilities, living in the area, and most importantly, contract negotiation to work for you. From start to close, Mike Copper makes his knowledge accessible to you through every step of the home-sale process. Mike quickly and accurately ascertains the value of factors impacting the sale. This is so that you can make the most informed decisions for the issues that you will face throughout the process. Does a tree need to be removed from the property? Mike has already anticipated how that factors into the closing sale price. HVAC in need or repair? Mike has got that factored in as well. Electrical work that needs improvement? Mike's got that too. Whether buying or selling, Mike Cooper knows the Winchester and Frederick County Virginia real estate market in terms of, where it's been, where it is now, where it's going, and how best to meet your needs. That's why you've gotta get MikeDL - Buyer - Cross Junction 2018