Posted on September 19, 2018 - 12:30 PM
by Bruce Andrews
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 house that Ken Greulich just sold for us was the ninth house we have owned. We have purchased and sold 4 houses in California, 1 in Arizona, and 4 in New York over our lifetime. When we sit back and think of all the Realtors we have dealt with, Ken Greulich's name rises to the top of the list for two reasons; integrity and knowledge. He is an expert at his craft who will never push a client into a rash purchase or sale for the quick dollar. If my children were to ask me for the name of a reputable Real Estate broker it would be Ken Greulich.. Dennis and Pamels