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Posted on May 3, 2018 - 01:33 PM
by lorraine de mange
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 Program of the Multiple
Listing Service of Long Island, Inc.
Listing information provided courtesy of LDM Realty. Real Estate listings held by brokerage firms other than LDM Realty are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. Information Copyright 2019, Multiple Listing Service of Long Island, Inc.