PLEASE NOTE: The companies listed were provided by a collaboration of past clients who have utilized services. Should you decide to use any company listed herein, Houston Dream Living, RE/MAX Fine Properties makes no guarantees nor warranties of the quality of these resources. Houston Dream Living, RE/MAX Fine Properties and their associates are in no way compensated nor will be compensated for listing by any of the aforementioned companies. This list has been developed simply as a resource to utilize if you find it helpful but final determination is soley the responsibility of the customer.
Posted on October 30, 2017 - 10:58 AM
by Jennifer Snyder
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.