Posted on December 8, 2017 - 03:11 PM
by Josue Galindo
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.
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Josue's Knowledge, experience, and patience made all the difference for us when buying our first Foreclosure. He helped us out with translating the whole process in our native language Spanish. He also showed us a great product at the time that saves us thousands of dollars on our rehab, and closing cost. I would recommend him to anyone who is looking for a bilingual agent.Pedro
Josue was awesome dealing with our loan officer and helped us buy our first new home. Everything went smooth! D. Kevorkian