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.
Back to Table of Contents
DON'T MISS A NEW LISTING AGAIN! Register Now FREE AUTOMATED EMAIL UPDATES |
Pamela Hammontree
|
Pamela Hammontree | 865-573-0145 | Contact Us
424 John Sevier Hwy - Knoxville, TN 37920
Copyright © 2017, All Rights Reserved
©2024, East Tennessee REALTORS®. All rights reserved.
The data relating to real estate for sale on this web site comes in part from the IDX program of the Multiple Listing Service of the East Tennessee REALTORS®. IDX information is provided exclusively for personal non-commercial use and it may not be used for any purpose other than to identify prospective properties to purchase. All information provided is deemed reliable but is not guaranteed and should be independently verified. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information last updated on 2024-03-28 13:30:22.