Why You Should Not Make Any Major Credit Purchases
Resources Robin Kielar June 29, 2022
Resources Robin Kielar June 29, 2022
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.
Stay up to date on the latest real estate trends.
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If you do it on your own instead of paying someone else to do it for you, then it is a great plan.
Title and Escrow
Title companies offer a refinance transaction discount or a short-term rate.
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FSBO sellers often end up accepting a lower price for their home than they would with an agent.
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In a normal market, there is a fairly large number of homes available and an average number of buyers.
Get assistance in determining current property value, crafting a competitive offer, writing and negotiating a contract, and much more. Contact Robin today.
