Posted on January 28, 2019 - 01:51 PM
by Brian Peacher
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.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity(SM) Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than Carolina Elite Real Estate are marked with the Broker Reciprocity(SM) logo or the Broker Reciprocity(SM) thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2019 Charleston Trident Multiple Listing Service, Inc. All rights reserved.