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.
"Lori is professional, honest, ethical and has a great sense of humor...she listens to you. When you tell her what you are looking for, she doesn't waste your time with real estate that does not meet your needs. I would refer Lori to anyone who is looking to buy or sell real estate in northern Nevada." Cathy & George